Finance & Economy
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Court Sentenced Fidelity Bank Secretary, MD to Six Weeks in Prison
A chief magistrate’s court in Ogba, Lagos, has sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in…
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The Markets in Review: General Elections and the Markets – Coronation Research
General elections are to commence in just under three weeks’ time, with presidential and parliamentary polls due at the end…
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Fuel Scarcity Cripples Economy as S&P’s Outlook for Nigeria Turns Negative
Hope of Resolving Fuel Scarcity Challenges Rises as Stakeholders Parley If the recent engagement of all stakeholders in the downstream…
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Stallion Nigeria refutes claim of alleged debt to GTB, says matter pending in court
Stallion Nigeria has refuted reports that it is indebted to Guaranty Trust Bank (GTB) to the tune of N13 billion.…
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S&P Revises Nigeria’s Outlook to Negative from Stable on Weakening Fiscal and External Metrics’ ; ‘B-/B’ Ratings Affirmed
Overview Low (albeit recently rising) crude oil production, large refined-petroleum subsidy costs, high debt service expenditure, and associated sizable fiscal…
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CBN Directs DMBs to Pay Redesigned Naira Notes Over the Counter; Police and Other Agencies to Prosecute Sellers, Abusers of Naira
…Assures That Queues At ATMs Will Disappear Soon …Directs OTC payment of Redesigned Banknotes by DMBs The Central Bank of…
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FIRS Revenue at N10trn in 2022 Dipped by 24% In Dollar Translation
Nigeria’s Federal Inland Revenue Service (FIRS) stated that it collected N10.1trn in tax revenues in 2022, the highest tax collected…
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Nigeria disagrees with ‘surprise’ Moody’s downgrade
Nigeria’s finance minister, Zainab Ahmed, said on Thursday that she disagreed with what she called a “surprise” downgrade of the…
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Looser Financial Conditions Pose Conundrum for Central Banks
Despite sharp monetary policy tightening, financial conditions have eased around much of the globe, posing a challenge for central…
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Nigeria, 6 other countries to benefit from AfDB’s $1 million technical grant for sustainable transport
Nigeria, Kenya, Morocco, Rwanda, Senegal, Sierra Leone and South Africa will benefit from a $1 million technical assistance grant from…
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