Sign in / Join
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Finance
Banks Raise Lending Rates By 3% As CBN Sterilizes N6.9trn From Banking System
Commercial banks increased lending rates by as much as 3 per cent to about 38 per cent last week after the Central Bank of Nigeria (CBN) debited them by a whopping N6.9trillion on Thursday, the result of the decision of the Monetary Policy…
African Start-ups In Dilemma Despite Growing Fundraising Market – Survey
In the face of the growing fundraising market in Africa new start-ups are increasingly facing difficulties, analysis of the current African market by DAI Magister, a boutique investment bank, has shown.
According to the bank, just half…
Desperate For Forex Inflows, CBN Hikes Fixed Income Rates
Less than 24 hours after the Central Bank of Nigeria (CBN) aggressively raised its monetary policy rates on Tuesday, fixed income rates rose sharply to unprecedented levels on Wednesday, indicating desperation for foreign exchange inflows.…
CBN To Debit Banks On Thursday After CRR Raise To 32.5%
The Central Bank of Nigeria (CBN) has said that it would debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR).
This follows a 500 basis point or 5 per cent raise in the minimum regulatory limits to 32.5…
WACOT Rice Opens Union Bank Accounts For 6,000 Kebbi Farmers
WACOT Rice Limited - a rice processing company and a subsifiary of TGI Group has assisted 6,000 Kebbi state local farmers to open accounts in Union Bank.
Both WACOT Rice and Union Bank are subsidiaries of TGI Group, the owner of Titan…
Experts Knock CBN On Interest Rate Hikes To Curb Inflation
Economic experts are no longer at ease with the aggressive use of interest rate hikes by the Central Bank of Nigeria (CBN) to cushion the effect of inflation on the masses.
Already, inflation has gone mad, hitting a 17-year high at…
CBN Raises MPR Aggressively To 15.5% Up From 14%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the interest rates to 15.5 per cent from 14 per cent as it battles to rein in aggressive inflation running riot in the last four months.
Inflation in…
Why Banks, Other Entities Are Mopping Up Own Shares
In three days of long knives, equities investors embarked on massive sell offs of the shares of First Bank of Nigeria Holdings (FBNH) Plc and those of Zenith Bank Plc.
Nestle Nigeria Plc, GTCO, and MTN Nigeria are not spared from the…
CBN’s Dilemma As MPC Confronts Inflation, Forex Crisis, Economic Woes
The tough economic situation may have put the Central Bank of Nigeria (CBN) in a delicate position as its Monetary Policy Committee (MPC) continues its meeting today to decide a better approach to handling nation's economy.
The meeting…
Why CBN’s Many Initiatives To Boost Export Earnings Failed
Experts have blamed Nigeria's inability to significantly boost non-oil export earnings on chronic inefficiency in production and value addition.
They spoke at the just concluded 2022 annual conference of the Finance Correspondents…