Editor's Pick

CBN Reduces Monetary Policy Rate To 11.5%

Sep 28, 2020
The Central Bank of Nigeria has cut the Monetary Policy Rate from 12.5 per cent to 11.5 per cent. Central Bank Governor Godwin Emefiele announced this on Tuesday while presenting a communiqué after the two-day Monetary Policy Committee Meeting in Abuja. Read full story

RIMAN Seeks Enhanced Capacity for Risk Management

Aug 12, 2020
The President, Risk Management Association of Nigeria (RIMAN) Mr. Magnus Nnoka, has advised risk managers to continue enhance their capacity in order to be abreast with the changing risk landscape. Nnoka, urged old and newly inducted members of its association at the induction ceremony held in Lagos over the weekend.…


Aug 12, 2020
In the bid to promote a sound financial system in Nigeria; the CBN issues this guideline on Global Standing Instruction (GSI) to enhance loan recovery across the banking sector. The GSI shall serve as a last resort by a Creditor bank, without recourse to the Borrower, to recover past due obligations…

Several crises in one: What effects will COVID-19 have on the global risk landscape?

Jun 05, 2020
We are in a healthcare crisis that is also an economic crisis combined with an energy crisis. Add to that a looming humanitarian crisis in some emerging economies and you have a multitude of challenges, all of which are exacerbating geopolitical risks. How will these crises play out over the…

COVID-19, the global economy and Nigeria businesses

Mar 20, 2020
The world is an interconnected global village and Nigeria is not immune to the adverse effects that may occur through this virus, even if the country hasn’t really been hit by the disease... Read more...

Coronavirus: How drop in oil price affects Nigeria’s economy

Mar 20, 2020
Despite the absence of reassuring words from the Federal Government, Nigerians have cause to be concerned, as the global spread of coronavirus, also known as COVID-19, and the continuous drop in the price of crude oil in the international market would definitely take a heavy toll on the Nigerian economy...…

Inflation Hits 12.20 Percent In February 2020

Mar 20, 2020
A report published by the National Bureau of Statistics on Tuesday revealed that food inflation increased marginally Year on Year to 14.90% in January 2020, compared to the figures obtained (14.85%) in January 2019... Read more...

Coronavirus will put severe strain on Nigeria’s budget – Finance minister

Mar 20, 2020
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said the novel Coronavirus, which had led to a huge drop in crude oil prices worldwide, would put a severe strain on the Federal Government’s budget. She said with the attendant effects of the spread of the virus, the…

CBN releases new capital base, sanctions for Microfinance Banks in new draft guidelines

Mar 08, 2020
Microfinance Banks have received new revised supervisory and regulatory guidelines from the Central Bank of Nigeria (CBN) that increase their minimum capital and stipulate sanctions for banks that divest from their approved business. Read more...

South Africa enters recession, again Nigeria emerges Africa’s biggest economy

Mar 04, 2020
Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of 2019, following a revised 0.8 per cent contraction in the third quarter, data from…

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