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...
Banking & Finance
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...
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...
NDIC restates commitment to financial system stability
The Nigerian Deposit Insurance Corporation (NDIC) has said it will continue its collaboration with the Central Bank of Nigeria to...
CBN assures public of adequate cash supply
The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases...
