CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
The Central Bank of Nigeria (CBN) has increased the capital base for commercial banks with international authorization to N500 billion
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Yemi Cardoso
Nigeria’s public debt jumps from N87.91 trillion to N97.34trn in nine months—- NBS Report
The National Bureau of Statistics, NBS, Nigeria’s public debt stock rose from N87.91 trillion, $114.35 billion,in the third quarter of
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CBN raises interest rate to 24.75% amidst galloping inflation & economic hardship
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This
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CBN to sack 19 ‘Emefiele’ directors….Some sacked directors head to court for redress
Nineteen directors at the Central Bank of Nigeria (CBN) are set to be dismissed in the coming days, following the
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Nigeria inflation now rises to 31.70% under 9 months of Tinubu
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities, increased by 1.80
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Naira continues its downward fall and now exchanges for N1,620 to a dollar in parallel market
THE naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the
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Many CBN cash movements under Buhari didn’t have presidential approval—FG
The government of President Bola Ahmed Tinubu has claimed that the signature of previous President Muhammadu Buhari was absent from
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Senate president, Akpabio inflated & padded ₦3 trillion Into 2024 budget— Senator Ningi, chairman northern senators forum
The Chairman of Northern Senators Forum, Senator Abdul Ningi, has accused the President of the Senate, Mr. Godswill Akpabio, of
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Buhari wasted N23 trillion in 8 years but Tinubu has printed N7.8 trillion 7 months & yet still borrows—Development Economic Expert
Former President Muhammadu Buhari has been accused of wasting the N23 trillion Ways & Means printed under his tenure without
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Economically Nigeria is now back on track–Tony Elumelu UBA Chairman
Chairman of the United Bank for Africa, UBA, Tony Elumelu, has said Nigeria is on the right track economically following
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