CBN Directs Banks to Lift Restrictions on 440 Accounts
The Central Bank of Nigeria (CBN), yesterday ordered banks to vacate a Post-No-Debit (PND) restriction earlier imposed on bank accounts…
Category: Finance
IMF Retains Nigeria’s 2023 Growth Projection at 3.2%
The International Monetary Fund (IMF) has maintained its 2023 growth forecast for Nigeria at 3.2 per cent and three per…
CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years
The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum…
Failed Transactions: Frustration, agony persist for banks’ customers
The unending complaints of non-reversal of banks’ failed customer transactions have continued to raise serious concerns within Nigeria’s financial sector.…
Stock Market Sustains Positive Trend, Gains N1.13trn WoW
Stock market of the Nigerian Exchange Limited (NGX) sustained its positive momentum last week, gaining N1.13 trillion Week-on-Week (WoW). As…
Zenith Retains Top Spot as Nigeria’s Number One Bank By Tier-1 Capital for 14 Straight Years
Zenith Bank Plc has retained its ranking as the number one bank in Nigeria by tier-1 capital in the 2023…
4 million Nigerians are experiencing inflation- World Bank
Omowumi Semudara The World Bank has stated that Nigeria has one of the highest inflation rates, which pushed an estimated…
I inherited rotten financial system- Tinubu
President Bola Ahmed Tinubu has described the financial system he inherited as rotten. “Then the financial system was rotten. Few…
DMO worries over low revenue as Nigeria’s debt nears N81tn
Nigeria’s total public debt may hit N81.64tn this year, according to findings by The PUNCH. The figure was arrived at…
Wale Edun: Nigeria Will Unify Exchange Rates ‘Imminently’
An influential member of the President Bola Ahmed Tinubu’s advisory board, Mr. Wale Edun, has said the country would unify…