News
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Court Rules Against Union Bank For Fraudulently Selling Customer’s N142m Valued Property For N30m Over Loan
A Lagos High Court has ruled against Union Bank for selling a property used by Otunba Adedoyin Olayide Ogunde, a…
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From Support to Sabotage: The Complex Legacy of Yahaya Bello
By Abdul Mohammed Lawal A major challenge for executive office holders in Nigeria, including Presidents and Governors, is the need…
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Currency in Circulation Hits N4.04tn, Currency Outside Banks Now 93.6% of CIC
Data from the Central Bank of Nigeria (CBN) has indicated that the currency in circulation reached an all-time time of…
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CBN approves financial accommodation for Unity, Providus Bank merge
The Central Bank of Nigeria (CBN) has granted an approval for a financialaccommodation to support the proposed merger between Unity…
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CBN Approves ProvidusBank, Unity Bank Merger
The Central Bank of Nigeria,CBN, has approved the proposed merger of Providus Bank and Unity Bank of Nigeria. This was…
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Federal Government’s Power Subsidy Soars by 151% to N633.30bn
The electricity subsidy obligation of the federal government rose from N252.76 billion in the last quarter of 2023 to N633.30…
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PoS Takes Over Cash Dispensing Services As Cash Dries In ATMs
With most Automated Teller Machines (ATMs) of banks not dispensing cash, most bank customers have resorted to use of mobile…
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Retail investors may shun bank stocks after N1.6tn loss
Banking stocks listed on the Nigerian Exchange have lost about N1.62tn in their market capitalisation since the Central Bank of…
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The Pains of A Windfall Tax: Appraising the NASS’s Financial Act Amendment
The power to tax is the power to destroy. – John Marshall Outline Preamble – The new Finance Bill Amendment and…
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Strong Potential Upside Despite Cuts to Earnings Forecasts
FCMB Group’s (FCMB) Q2 2024 earnings aligned with our forecasts. Nevertheless, we have cut our FY ’24-25f EPS forecasts by…
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