WCID 2022: As NITDA Expands Collaboration for Innovative Entrepreneurship, by Inyene Ibanga   Creativity and innovation constitute the core of the sustainable technological transformation of any society. These twin elements are major determinants of the prosperity of nations and the well-being...

BDCs Suspension Worsening Dollar Scarcity - ABCON   The Association of Bureaux De Change Operators of Nigeria (ABCON) said that the widening gap between the official and parallel market exchange rates is driven by acute dollar scarcity due to the continued...

Consumer Credit Rises By 40% To N2.1trn — CBN   The Central Bank of Nigeria (CBN) said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The...

51 Firms Push Stock Market Gain By N500bn   Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government of Nigeria...

10 Banks Get N7.02trn Fine Over CRR Violation   The Central Bank of Nigeria (CBN) in 2021 debited 10 banks a whooping N7.02 trillion over failure to meet the 27.5 per cent Cash Reserve Requirement (CRR) threshold. According to audited financial statements...