Latest Economy News
Bank Stocks Sell-Off on CBN’s Lending order may be Overdone
…as investors price in worst case scenario Bank stocks have been selling…
CBN Reduces Banks’ Daily Excess Cash Deposit by 73.3% to N2bn
The Central Bank of Nigeria ( CBN) on Wednesday reduced the amount…
N-Power Stipends Hit N279 billion
The Federal Government on Friday disclosed N279 billion has been spent on…
Read what each Nigerian State is Owing, the Biggest and Least Debtors
Lagos State, Nigeria’s richest state remains also its biggest debtor, accumulating as…
CBN Change in Customs Duty Exchange Rate will Exacerbate Challenges Faced by Investors — LCCI
The Lagos Chamber of Commerce and Industry, LCCI, has said that the…
Without Economic Growth, Democracy is a Myth
Remittance of Nigerians living abroad was $22 billion in 2017. In 2018,…
Nigeria’s Total Debt Stock Rises to N24.9 Trillion
Nigeria’s total debt stock rose to N24.9 trillion (US$81.2 billion) as of the…
Profitability of Nigerian Banks Under Threat—Fitch
Earlier this month, the Central Bank of Nigeria (CBN) directed deposit money…
Bank stocks sell-off on CBN’s lending order may be overdone
Bank stocks have been selling off since the Central Bank of Nigeria…