By Sodiq Adelakun The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Michael Ohiani, revealed that Nigeria is set to witness a windfall of N185.2bn in...
In a rare turn of events, the Central Bank of Nigeria (CBN) has once again postponed its highly anticipated Monetary Policy Committee (MPC) meeting. This marks...
By Sodiq Adelakun The Nigerian naira continued its downward spiral, inching closer to the alarming 1000-per-dollar mark in street trading. The central bank’s reluctance to supply...
The total loans to customers from seven commercial banks in Nigeria rose to N22.9 trillion in the first half of 2023, the highest in at least...
The recent coup d’état in Niger has sent shockwaves through the region, with the World Bank warning of potential consequences for food markets in Nigeria and...
By Sodiq Adelakun Nigeria’s currency, the naira, has reached a record low exchange rate of N983/$1 at the black market, according to quotes received on Wednesday....
…Zenith Bank, GTCO, UBA lead way with strong financial performance In a promising development for the Nigerian banking sector, eight Deposit Money Banks (DMBs) have collectively...
Nigeria is currently managing a significant amount of debt owed to the World Bank. According to data obtained from the World Bank’s website, Nigeria is servicing...
By Sodiq Adelakun Nigeria’s pension assets managed by Pension Fund Administrators (PFA’s) have reached N17.67 trillion at the end of July 2023, according to data from...
By Matthew Denis The Nigeria Deposit Insurance Commission (NDIC) is set to pay liquidation dividends to depositors and ex-staff of defunct merchant bank. This was contained...