There is a raging debate ongoing in Nigeria about a minimum wage, with all parties appearing to have their ‘daggers’ drawn. Both Labour and the Government...
Advocates of weaker currencies, love to sing the praises of a floundering local currency. As most of them will tell you, a weak currency acts like...
On Monday, June 3, 2024, the Nigerian Labour Congress (NLC) will be embarking on a nationwide strike. Unions are going on strike over their disagreement with...
In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank’s operating license, effectively closing the institution and placing depositors at...
In the evolving landscape of global finance, the independence of central banks is sacrosanct, forming the cornerstone upon which monetary stability rests. However, recent amendments proposed...
Story Highlights The NGX Banking Index dropped 7.35% last week, with major banks like UBA and FBN Holdings suffering double-digit losses. Investor concerns about Central Bank...
Nigeria’s central bank monetary policy committee will announce to the world on Tuesday, May 21, 2024, whether they will continue with their hawkish monetary policy of...
In the wake of the Federal Executive Council’s announcement of a Special Purpose Vehicle (SPV) aimed at expanding Nigeria’s fibre optic infrastructure, the nation stands at...
Despite posting foreign currency revaluation gains induced profits, Guaranty Trust Bank (GTB) is grappling with the repercussions of Nigeria’s currency devaluation, which has drastically reshaped its...
Zenith Bank’s latest financials indicate a significant uptick in its loan portfolio, particularly in the oil and gas sector. By the end of fiscal year 2023,...
Nigerian banks have proven to be highly profitable. Last year alone, the publicly listed Nigerian banks are projected to surpass N3.5 trillion in profits for 2023,...