Revisiting private sector’s grouses about finance bill
The groundswell of criticisms of the 2022 Finance Bill, which was hurriedly passed by the National Assembly but suspended by President Muhammadu Buhari, have provided
Category : Finance
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Waiting for banks’ compliance with CBN directives on new naira notes
The Central Bank of Nigeria insists that old naira notes will cease to be legal tenders in the next 15 days, whereas many of the
Naira loses marginally, exchanges at 461.90 to dollar
The naira on Friday exchanged at 461.90 to the dollar at the Investors and Exporters window. The figure represents a decrease of 0.16 per cent,
New naira: Banks, customers pressure CBN to shift Jan 31 deadline
The Central Bank of Nigeria may be under pressure to extend the deadline for old naira notes to cease being legal tender as bankers and
Banking system remains resilient, says CBN
The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022.
Budget deficit rises 370%, hits N47tn under Buhari
The total budget deficit under the President, Major General Muhammadu Buhari (retd.), is set to hit N47.43tn, according to an analysis of the Federal Government’s
Kerosene price rises by 146%
The price of household Kerosene, also known as cooking kerosene skyrocketed by over100 per cent in one year. Latest data from the Nigerian Bureau of
Bank deposits rise by 19% to N43tn
Deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022. This
World Bank downgrades Nigeria’s economic growth projection
The World Bank Group has once again lowered its growth projection for Nigeria’s economy, citing a weakened oil sector as its primary reason. This was
Cordros Economic Outlook for 2023 reveals high inflation, volatile equity market
Cordros Capital Limited has predicted high inflation and a volatile equity market in the Nigerian economy for 2023. At a press conference in Lagos Monday,
