CATEGORY
Exclusive
CBN Pushes Back Against NESG, says its Policies Are to Stabilise Economy
Editor -
The Central Bank of Nigeria (CBN), says like other Central Banks across the world it has had to embark on extraordinary measures in order...
Nigerian Banks Restricted Deposits Hit N9trn as Higher Cash Requirements Take Toll
Editor -
The amount of restricted deposits by Nigerian lenders with the Central bank surged by 87 percent to N9trillion as at June 2020, from six...
Nigerian Quoted Insurers Realize N657.18bn in Gross Premium Income in Seven Years
Editor -
In the last seven years, Nigerian insurers quoted on the bourse have collectively earned N657.18 billion in gross premium income, according to data compiled...
Coronavirus Loan Losses Hit Nigerian Banks as Profit Growth Slows
Editor -
The profits of the largest Nigerian Banks slowed to the lowest level in four years on jump in impairment charges as the coronavirus pandemic...
Access Bank Merger Synergy Dreams Evaporate as Expenses Surge 40% in H1
Editor -
Costs surged across the board for Access Bank, one of Nigeria’s largest Bank by assets in the Half Year (H1) period to June 2020,...
Trapped Foreign Portfolio Investors Funds Estimated at $4.51bn as CBN Begins Dollar Sales
Editor -
With the absence of CBN sales of dollars at the investor and exporters window (I&E) since April, the portion of trapped foreign portfolio investors...
Outstanding Lawsuits Filed Against GTB Increases to 647 with N436bn in Claims
Editor -
Guaranty Trust Bank (GTB), in its ordinary course of business, is presently involved in 647 lawsuits filed against it where it a defendant, according...
The N100bn Gap That Shows Foreign Selloff of Nigerian Stocks
Editor -
Nigeria’s $34 billion (N13.2 trillion) stock market is on pace to record the lowest foreign inflows since 2009, according to data compiled by MoneyCentral.
Foreign...
NewGold ETF up 71% YTD as Gold Nears $2,000 After Dollar Drop
Editor -
The NewGold Exchange Traded Fund (ETF) has returned 71 percent year to date as investors pile into a chance to get exposure to soaring...
Savings Rate to Plummet as CBN Revises Minimum to 10% of MPR
Editor -
The Central Bank of Nigeria (CBN) has directed all deposit money banks that effective Tuesday September 1, 2020 interest on local currency savings deposits...