World Bank Projects Insecurity, Economic Hardship to Worsen in Six States  World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State...

Union Bank Probe: CBN Investigator Rejects Lemo, Others’ Plea The Special Investigator probing the activities of the Central Bank of Nigeria (CBN) and Other Related Entities, Mr. Jim Obazee, yesterday rejected an excuse by the Chairman of Titan Trust Bank Limited, Mr. Tunde Lemo, and...

Banks are Healthy, Safe - CBN Urges Nigerians to Ignore Takeover Rumours The Central Bank of Nigeria (CBN) has denied reports, in certain media outlets (not Economic Confidential), about a recommendation for the Federal Government to take over some CBN-supervised financial institutions. The apex bank in...

FG Says Fresh Dollar Supply will Strengthen Naira in 2024 The Budget Office of the Federation Director-General, Ben Akabueze, disclosed that an increase in dollar supply to the country in 2024 will strengthen the position of the naira. Akabueze revealed this in an interview with Channels...

FG to Issue Fresh Regulations for O-pay, Moniepoint, Others in 2024 The Federal Government through the Federal Competition and Consumer Protection Commission is set to release more regulation for the digital lending space in 2024. These regulations are meant to improve loan recovery methods in the...

W’Bank Projects Nigeria’s Diaspora Remittances to Exceed $20bn in 2023 The World Bank says Diaspora remittance into Nigeria is expected to exceed $20bn by the end of the year as total remittances into the Sub-Saharan Africa region increase by 1.9 per cent. This was revealed in...