A natural consolidation in form of mergers and acquisitions is likely in the Nigerian banking sector, economic and financial experts have predicted. They said with the myriads of challenges facing the nation’s economy, some banks were likely to experience some challenges that could only be...

Even as the Nigerian economy struggles to stay afloat, the nation is spending huge amounts of money to service debts owed different creditors, with domestic debts taking a chunk of available resources, The Punch Reports. The cost of servicing the Federal Government’s increasing domestic debt...

The naira is expected to continue to weaken this week on limited dollar supply as foreign portfolio investors stay on the sidelines until the Nigeria economy shows signs of recovering from the impact of currency controls, foreign exchange traders have said. The naira had hit...

A new Postmaster General of the Federation and Chief Executive of the Nigerian Postal System will soon emerge, the Special Assistant to the Minister of Communications, Mr. Victor Oluwadamilare, has said. Oluwadamilare, who spoke in an interview with the PUNCH in Abuja, said it was...

Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The development followed Tuesday’s increase of the Monetary Policy Rate from 12 per cent...

...As Naira sheds N4.5 in interbank The Central Bank of Nigeria (CBN) has ordered banks to publish details of all foreign exchange transactions on the Financial Market Dealers Quote (FMDQ) platform. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Meanwhile the naira depreciated by 1.5...