Who Will Save the Naira?
Who Will Save the Naira? The current Ag. Central Bank of Nigeria Governor, Mr. Folashodun Adebisi Shonubi, has given a signal that the apex bank will soon deal with speculators/adventurers…
Subsidy: NEC Sets Up Committee to Liaise with Labour
Subsidy: NEC Sets Up Committee to Liaise with Labour National Economic Council (NEC) has constituted an Ad-hoc Committee to engage with the leadership of labour unions to resolve issues surrounding…
FG Approves N5bn Palliative for 36 States, FCT
FG Approves N5bn Palliative for 36 States, FCT The Federal Government (FG) has approved the disbursement of N5 billion to states, local government councils, and the FCT to cushion the…
NDIC to Probe Directors, Officers of Revoked 183 MFBs, PMBs
NDIC to Probe Directors, Officers of Revoked 183 MFBs, PMBs The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose…
FGN Bonds, T-Bills Face Sell Pressures as Liquidity Drops
FGN Bonds, T-Bills Face Sell Pressures as Liquidity Drops The average yield on Nigerian Treasury bills surged marginally, but the movement remains unnoticeable amidst a sustained increase headline inflation rate,…
Globus Bank Grows Balance Sheet by 93%, Keeps Nil NPL- Rating Note
Globus Bank Grows Balance Sheet by 93%, Keeps Nil NPL- Rating Note Globus Bank Limited grew its balance sheet and boosted its earnings profile strongly without undermining asset quality. GCR…
US Inflation Reduction Act after One Year
US Inflation Reduction Act after One Year One year ago, Congress passed, and the President signed, the Inflation Reduction Act into law. This marked the single most significant legislation to…
Brent Crude Oil, WTI Cross $83 as US Demand Surge
Brent Crude Oil, WTI Cross $83 as US Demand Surge Prices of crude oil surged on Thursday as data showed demand surge in the US, the world’s largest oil consumer,…
$3bn Deal: NNPCL Collects Future Income from Afrexim Bank –Firm
$3bn Deal: NNPCL Collects Future Income from Afrexim Bank –Firm The Nigerian National Petroleum Company Limited (NNPCL) $3 billion loan obtained from Afrexim bank has been noted as a positive…
Jaiz Bank Gets New Acting MD
Jaiz Bank Gets New Acting MD The Board of Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has approved the appointment of Ahmed Alhaji Hassan as the acting Managing Director and…