After PRNigeria Report, Chairman Says 'Cabal Has Taken Over NDIC'   Less than 24 hours after an exclusive report by PRNigeria on a controversy trailing the appointment of the Board of the Nigeria Deposit Insurance Corporation (NDIC), its chairman, Dr AbdulHakeem...

Election Uncertainties Trigger Increase In Consumer Loans to N2.45trn   Banks increased consumer loans to N2.45 trillion in February 2023, up by 5.6 per cent from N2.32 trillion in December 2022. Financial industry experts attributed the development to an increase in demand...

Banks Maintain Ratio At Above 30% Despite Liquidity Crunch ‌ Amid tighten monetary policy by the Central Bank of Nigeria (CBN), Deposit Money Banks (DMBs) operating in Nigeria reported mixed Liquidity Ratio (LR) above the regulatory requirement in the 2022 financial...

'Over $56bn Lost To Oil Subsidy, Theft'   Nigeria lost $46.16bn to crude oil theft between 2009 and 2020, while it lost $10.7bn annually to subsidy on Premium Motor Spirit, popularly called petrol, the Energy and Natural Resources subcommittees of the...

Investors Gain N60bn As Financial Services Lead   The financial services sector has continued its dominance of trading activities in the equity market as it cornered 71.82 per cent of stocks traded (in terms of quantity) on the Nigerian Exchange Limited...

Taxes On Products Rise By 112%, Now N3trn   Total taxes on products in the economy rose by 112.02 per cent from N1.43tn in 2019 to N3.03tn in 2022, coinciding with a Value Added Tax hike from five per cent in...