…17 banks at risk with proposed 15-fold capital increase …Expert calls for incentive-based approach in banking sector reform By Sodiq Adelakun A recent report by Ernst and Young has shed light on the potential ramifications of the Central Bank of…
By Sodiq Adelakun The federal government is in talks with the World Bank to secure a substantial loan of $500 million aimed at addressing the dire situation of internally displaced persons (IDPs) and the communities hosting them. This financial aid…
The National Institute of Credit Administration (NICA) has expressed concerns over the negative impact of high-interest-rate loans on Small and Medium Enterprises (SMEs) nationwide. In a statement, NICA’s Chief Executive Officer, Prof Chris Onalo, emphasised the urgent need for more…
By Sodiq Adelakun In a forward-looking assessment of Nigeria’s economic policy, The Economist Intelligence Unit (EIU) has forecasted a potential easing of the country’s Monetary Policy Rate (MPR) to 12.5 percent by the year 2026, provided that inflation rates decline.…
In a significant move to enhance food production across Nigeria, the Central Bank of Nigeria (CBN) has provided N100 billion worth of fertilisers to the Federal Ministry of Agriculture and Food Security. The handover, which took place on Wednesday at…
The Federal Government has recently launched the Presidential Conditional Grant Scheme aimed at empowering nano businesses as part of the Presidential Palliative Programme. This scheme, as announced by the Bank of Industry, will provide grants to eligible small business owners…
By Sodiq Adelakun The British pound sterling has been outperforming most of the world’s currencies, including the Nigerian naira, despite the Central Bank of Nigeria’s (CBN) aggressive monetary policies. Recent reports from the CBN have indicated that foreign portfolio investors…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) is set to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) today, Wednesday, March 13. T-Bills are short-term securities that mature in 1 year or less and are used by…
By Sodiq Adelakun In a recent report dated March 7, 2024, Goldman Sachs, a leading global investment bank, has projected a significant appreciation of the Nigerian naira, suggesting it could reach N1,200 per US dollar in the coming 12 months.…
Wema Bank Plc Managing Director/CEO, Moruf Oseni, has emphasised the importance of equity for women in the workplace while revealing that the bank has set aside N8.9 billion in uncollateralised loans for women. Oseni made these remarks at the Wema…
