
OBINNA EZUGWU The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday, voted unanimously to retain Monetary Policy Rate (MPR) at 11.5...

The Accountant General of the Federation, Mr. Ahmed Idris has said the £4.2m ‘looted’ by ex-governor of the state, James Ibori, has since been transmitted to...

BY EMEKA EJERE The federal government plans to review Nigeria’s Industrial Revolution Plan (NIRP) to reflect economic realities towards the implementation of the African Continental Free...

BY EMEKA EJERE Data from the Central Bank of Nigeria (CBN) showed that foreign portfolio investments (FPIs) in Nigeria recorded a 77.4% year-on-year decline in the...

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has officially devalued the naira by 7.6 percent by adopting the Nafex rate as the government’s official...
By OKEY ONYENWEAKU Nigeria’s debt profile will soon hit $36.3trillion as soon as the federal government accesses the N2.343trillion (about $6.183billion) as contained in the 2021...
By AYOOLA OLAOLUWA An increased number of Nigerian youths in a desperate bid to survive the impact of economic meltdown, are daily flocking to sports betting...
By OLUSESAN LAOYE More Nigerians are coping with increasing rate of poverty and unemployment in spite of the promise by the present government to diversify the...

Given the central role financial institutions play, incidents of bank failure in any society almost invariably translate into the expansion of financial crisis within that society...