Debt for growth is not a bad thing – AfDB says
The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry...
Banking & Finance
Equity market dips by N252bn
Omeiza Bilal The negative sentiments continued in the local equity market as the All-Share Index (ASI) dipped by 0.43 per...
Customs generate N1.3trn in Q1 2024
The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The...
Local equities dip by N190bn
Omeiza Bilal The nation's equity market on Tuesday sustained declining profile, shedding N190 billion as majority of stocks closed southward....
CBN To Lose N1.01 Trillion in Interest Rates From Q1 NTB Auctions Over Naira Defence
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest...
Equity market sheds N25bn on profit taking
Omeiza Bilal The domestic equity market capitalisation declined by N25 billion after two days holidays to celebrate Easter, following investors...
Recapitalization: Naira Depreciation Has Greatly Eroded Capital Base Of Banks —Izunaso
Agency Report Chairman of the Senate on Capital Market, Senator Osita Izunnaso, says the new recapitalization initiative for banks by...
Recapitalization: Analysts say commercial banks would require N2.8trn
Analysts have said that commercial banks would require a combined N2.8 trillion to meet the new baseline capital requirements. According...
Sustained CBN’s monetary policy integral to strengthening Naira – Gwadabe
The President, Association of Bureau De Change of Nigeria (ABCON), Aminu Gwadabe, says recent monetary policy decisions of the Central...
Nigerian records $1.5bn FX inflows
Uzezi Samuel The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the...
