BY BLAISE UDUNZE Nigeria’s banking sector has always stood at the center of the nation’s economic hopes. Yet, instead of fueling growth and wealth creation, the...
BY BLAISE UDUNZE Sixty-five years after independence, Nigeria’s banking sector boasts towering profits and continental reach. Yet behind the glossy numbers lies a sobering truth: banks...
BY Blaise Udunze It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about...
Activity in the money market stayed firmly in positive territory at the end of week, with liquidity levels comfortably buoyant. Financial system liquidity opened the week...
BY Blaise Udunze Nigeria stands today at a troubling intersection where its ballooning debt profile and the 27 percent Monetary Policy Rate (MPR) collide to choke...
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for easing credit conditions in the economy, describing the...
By BLAISE UDUNZE The Central Bank of Nigeria (CBN), at its 302nd Monetary Policy Committee (MPC) meeting today, announced a modest cut in the Monetary Policy...
The Monetary Policy Committee (PMC) of the Central Bank of Nigeria (CBN) has reduced the the country’s monetary policy rate (MPR) from 27.5% to 27%. CBN...
Wema Bank Plc has achieved a major regulatory milestone by surpassing the N200 billion minimum capital requirement for commercial banks with national authorisation, well ahead of...
Nigeria’s central bank has raised approximately N2.3 trillion after institutional investors piled into its open market operations (OMO) and Nigerian Treasury bills. OMO and treasury bills...
On banking reforms, he confirmed that eight banks have met the new recapitalisation requirements, with others progressing toward the target.
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced its decision to hold the nation’s benchmark interest rate at 27.50 percent for...
Similarly, Nigeria Stock Index that tracks price movements at the NGX surged by 5,436.1 points or 4.31% to close the week at 131,585.66 basis point, marking...
By Hakeem Muhammed Nigeria’s economic outlook for the rest of 2025 is cautiously optimistic. Inflation is expected to decline further, which may allow for monetary easing...
Nigeria’s economic activity continued to expand in June 2025, buoyed by robust performance in agriculture and services, although private sector growth showed signs of fatigue, according...
The Central Bank of Nigeria (CBN) has emphasised the robust health of the country’s banking sector whilst announcing routine transitional measures affecting a select number of...
The Central Bank of Nigeria (CBN) yesterday clarified that the June 3, 2025 deadline for Bureau De Change (BDC) operators to recapitalise remained unchanged. The apex bank...
With progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, the Shared Agent Network Expansion Facilities Limited (SANEF) has posited Artificial Intelligence...
Oil prices plunged sharply on Friday, capping off a tumultuous week marked by rising global trade tensions, triggered by United States’ imposition of export tariff hikes...
JP Morgan, an American Bank, is planning to transform its representative office in Lagos into a fully-fledged business branch, marking a further step in the strategy...