Macroeconomic Roundup: Naira wears a new look as CBN tackles inflation
Last week, Nigeria’s monetary authorities intensified efforts at solving Nigeria’s many fiscal and macroeconomic problem
Economy Roundup: Inflation soars as 63% of Nigeria’s population becomes multidimensionally poor
This is a summary of the major economic news stories during the week that ended on November 19
Rishi Sunak, former Chancellor of the Exchequer is new British Prime Minister
Rishi Sunak, the former Chancellor of the Exchequer and leader of the Conservative Party since October 2022, has emerged as...
Moody’s downgrades Nigeria’s local and foreign currency ratings
In further explaining the rating decision, Moody appears to have referenced recent comments by Nigeria's minister of finance that the...
Polaris Bank appoints new Board, M.K Ahmad retained as chairman
The newly appointed board members will be responsible for steering the affairs of the bank to its new growth phase
CBN sells Polaris Bank to Strategic Capital Investment Limited for N50 billion
The CBN stated that SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of...
Nigerian digital bank operators are “young and reckless” – BDAN Summit
This is based on comments from Mr. Ayodele Othihiwa, a Partner at KPMG while speaking at the Bank Directors Association...
Woman robs bank of her own money to pay for her sister’s cancer treatment in Lebanon
A Lebanese woman robbed a Beirut bank on Wednesday with a toy gun and walked out with thousands of dollars...
29-year-old Nigerian, Chidozie Obasi wanted in the United States for $31million fraud
29-year-old Nigerian, Chidozie Collins Obasi has been declared wanted by the United States for defrauding hospitals in the New York...
A peep into the lucrative sex-enhancement drug trade in Abuja
In his small kiosk, Yusuf sells sex enhancement drugs for men and women where he makes millions monthly.
