News
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Government Borrows N203.36bn More at March Bond Auction as Subscription Remains High
Notwithstanding the negative real return, rising inflation expectations, and monetary tightening, the demand for long-dated government instruments has stayed strong.…
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Higher MPR Raises Growth Concerns as Subsidy Fails to Keep Petrol Prices in Check
Further Rate Hikes Likely to Affect Real GDP Growth in 2023 as Economists Mull Unemployment Effects The Monetary Policy Committee…
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More Naira notes as banks get old notes deposited with CBN today
Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN…
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CBN Raises Policy Rate to 18%
–As Analysts Fret over Growth Nigeria’s Central Bank (CBN) has opted to stay hawkish as it confronts domestic inflation by…
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Nigerians to pay N1,000 NIN fee for passports
Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National…
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Oil Marketers Urge Incoming President to Engender Free Market Regime in Downstream Sector
Operators in the downstream sector of the Nigerian oil and gas industry have urged the next president of the country to…
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Silicon Valley Bank (SVB): Lessons for the CBN, Tech Start-Ups, and Nigerian Banks
SVB Failure: Lessons for Nigeria on Risk Management Since its inception in 1983, Silicon Valley Bank (SVB) had as its…
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Despite naira scarcity, e-payment falls to N37.67tn
Cashless transactions fell to N37.67tn in February 2023 as Nigerians had to grapple with failed and delayed cash transfers. This…
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At Last , Emefiele bows to pressure, says old naira notes legal tender
Exactly 10 days after the Supreme Court judgement mandating the use of old N,1000 and N500 notes as legal tender…
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How does a bank collapse in 48 hours? A timeline of the SVB fall
Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal…
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