Banks grapple with N478 billion in non-performing loans amidst a challenging economic downturn
During the first half of this year, at least four banks collectively reported non-performing loans amounting to N478 billion in their financial results.
Specifically, Guaranty...
Deputy CBN Governor Aishah Ahmad arrested and held by DSS, with a reported $300 million involved
On Saturday, the Department of State Services (DSS) apprehended and placed Mrs. Aishah Ahmad, the Deputy Governor of the Central Bank of Nigeria (CBN),...
Sterling GMD and its directors acquire an additional N514 million worth of shares
The directors of Sterling Financial Holdings Company Limited have demonstrated their confidence in the financial institution by actively purchasing its shares.
In the latest insider...
“Next week, the Central Bank of Nigeria plans to repay its dollar debts to banks, potentially leading to a rebound in the value of...
The Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, announced that the apex bank will settle all outstanding forward contract debts with...
The CBN report reveals that FG’s expenses in a three-month period surpass its revenue by a substantial margin of N1.43 trillion.
During the first quarter of 2023, the Federal Government of Nigeria faced a fiscal challenge as its expenditures surpassed its revenue by N1.43tn.
This figure,...
