Bank Customers Seek CBN Intervention on Excess Charges   The Bank Customers Association of Nigeria (BCAN) has revealed that it has written to the Central Bank of Nigeria about the charges being deducted from customers’ accounts. This was disclosed by the president of BCAN, Uju Ogubunka, on...

Cardoso: Walking the Tight Rope of Nigeria's Debt Burden, by Rahma Olamide Oladosu     Indeed, Nigeria was sitting on an economic time bomb prior to the dawn of May 29, 2023, and the pressure of debt servicing was the fuse that kept burning. It is baffling...

Naira Weakens Further Against Dollar Amid Forex Volatility The Nigerian naira continued its downward slide against the US dollar on Thursday, June 19, in both the official and black markets, reflecting ongoing volatility in the country’s foreign exchange landscape. In the parallel market, currency dealers in...

NGX Sheds N183bn Amid Decline in Blue-Chip Stocks The Nigerian Exchange recorded a loss of N183bn at the close of trading on Tuesday, as bearish sentiments continued to weigh on key market indicators, dragging several blue-chip stocks into negative territory. Market data from the NGX revealed...

Reps Launch Probe into Alleged N1.12tn Anchor Borrowers Fund Diversion The House of Representatives Committee on Nutrition and Food Security, on Tuesday, commenced a probe into how the N1.12tn meant for the execution of the Anchors Borrowers Programme was allegedly diverted by Ministries, Departments and...

It is becoming clear that the Central Bank of Nigeria (CBN) is moving from a crisis-era leniency to institutional discipline. The apex bank is reaffirming its commitment to strengthening capital adequacy and financial accountability across the nation’s banking industry.