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That Ban on Banks’ Downsizing, By Uddin Ifeanyi

For a government that came in to office on the back of its “change” credentials, the Buhari administration is a pretty conservative animal. Its gut instincts are to keep the “status quo ante” unchanged. Nice, though, this comes across, it

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Decline in economic activities persisted in May- CBN

Central Bank of Nigeria (CBN) yesterday said that the decline in economic activities in the first quarter of the year persisted in May. The CBN disclosed this in its Purchasing Managers Index (PMI) report for May. manufacturing sector, eleven sub-sectors

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2% of Nigerians own 90% bank deposits — NDIC

As a major indicator of wealth distribution in Nigeria across income groups, a mere two per cent of Nigerians own 90 per cent of total deposits in Nigerian banks. This represents the wide gap between the rich and the poor

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External reserves drop to $26.42b

  The Central Bank of Nigeria statistics Nigeria’s external reserves has  fallen by 2.65 per cent to $26.42bn. The reserves stood at $27.15bn a month ago. The foreign exchange reserves have dropped by over 10 per cent from last year when they

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The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, last week met amidst worsening macroeconomic environment which had forced Nigeria’s economic growth rate into negative for the first quarter of 2016, while threatening to slide into recession

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SENATE SUMMONS FINANCE MINISTER, CBN BOSS.

The Senate House has on Wednesday, summoned the Minister of Finance, Mrs. Kemi Adeosun, and the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, to come before the and brief the senators on the current state of the economy of

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