Buhari’s aide Tunde Sabiu, not President approved naira redesign policy – Report
The Special investigator looking into the books of the Central Bank of Nigeria (CBN) Jim Obazee has detailed how former...
Banking & Finance
CBN to sanction banks, PoS operators over hoarding, rationing of Naira
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sales (PoS) that it would...
Nigeria spends N1.79trn on domestic debt service in 3 months – DMO
The Federal Government spent around N1.79 trillion on servicing its domestic debt between July and September 2023. This is according...
Nigeria’s external debt drops by $1.57bn in Q3 – DMO
Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59...
FX crisis deepens as gap between official, black market rates hits over N400
The gap between the official and parallel market exchange rates of the naira has continued to widen despite several interventions...
Local equity crosses N40 trillion mark, gains N599bn in one day
The local equity market Wednesday crossed the N40 trillion mark, appreciating by N599 billion as gains recorded in the shares...
22,000 MfBs, mortgage banks’ depositors get N1.7bn refund – NDIC
Nigeria Deposit Insurance Corporation (NDIC) has so far paid an insured sum of over N1.7 billion to customers, following the...
TAT orders AEDC to pay tax liability of N5.3bn for 4 years
The Tax Appeal Tribunal (TAT) sitting in Abuja, has ordered the Abuja Electricity Distribution Company (AEDC) Ltd to pay the...
Equity market opens positive, gains N9bn
The local equity market Monday opened the week on a positive note, appreciating by N9 billion. Market capitalisation of listed...
Recapitalization: One-size-fits-all approach can stifle smaller banks–Shareholders
Independent shareholders in the banking industry have revealed that a one-size-fits-all approach to capital requirements for all banks in the...
