Banks Raise Interest Rates By 140% To Attract More Deposits         Banks have raised deposit rates by 140 per cent in a bid to attract more funds from customers and address the sluggish growth in deposit recorded in the first half of the year (H1’21). The development...

Credit To Private Sector Rises By N498.6bn In August           The Central Bank of Nigeria (CBN) has disclosed that credit to private sector went up by N498.6billion in August to N33.26trillion from N32.8trillion reported in July 2021. The N33.36trillion figure announced by the CBN is a new...

Naira Exchanges For N580/$ At Parallel Market         The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was...

Naira Declines Amidst CBN’s Assurance Of Increase In Forex Supply           The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the legitimate needs of Nigerians. The naira had maintained a downward trend, falling...

PDP Demands Immediate Resignation Of CBN Governor, Godwin Emefiele         The Peoples Democratic Party (PDP) has called for the immediate resignation and prosecution of the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, following the ”allegations by the All Progressives Congress (APC) that he...

N500Billion Scandal: Another Group Demands Emefiele’s Sack as CBN Governor             As Central Bank of Nigeria (CBN) reacts against calls for the resignation of its Governor, Godwin Emefiele, more groups have emerged demanding for his sack. The Arewa Youth Assembly, a socio-economic and socio-political group has called...