Aderemi Ojekunle
Power generation slumps to 3,385mm as outages spread
BY: Moses olajuwon Obajemu Total power generation in the country fell to 3,385MW on Saturday morning from a peak of…
Fitch warns CRR will crash banks’ returns
BY:Moses olajuwon Obajemu Fitch Ratings has sounded the alarm that the cash reserve ratio (CRR) policy being implemented by the…
CBN to resume dollar sale to BDCs on international flight restart
BY: Moses olajuwon Obajemu The Central Bank of Nigeria (CBN) will resume the sale of foreign exchange (dollar) to bureau…
Again, Foreign reserves slump by $544.94m
BY: Moses olajuwon Obajemu The country’s foreign reserves continued its descent last week as it declined by $544.94m from $36.17bn…
FG services debt with N1.57tr in half year
BY: Moses olajuwon Obajemu The Federal Government discharged its obligations to its creditors by committing the sum of N1.57tn tto…
Nigeria, other African oil producers may lose market share as US floods European market
BY: Moses olajuwon Obajemu The United States has targeted European market by flooding it with its crude oil thereby…
Banks grow total assets to N47.82tn
BY:Moses olajuwon Obajemu Nigerian banks grew their total assets to N47.82tn as of the end of June 2020. Rafindadi Sanusi,…
NDIC assures depositors of defunct Fortis MFB of getting their insured funds
BY: Moses olajuwon Obajemu The Nigeria Deposit Insurance Corporation (NDIC) yesterday vowed to protect the interest of depositors of…
Nigeria’s banks not getting fair deal from regulators during pandemic-Fitch
BY: Moses olajuwon Obajemu Leading global rating agency, Fitch Ratings, has said the Central Bank of Nigeria punishes rather…
Wind and solar produced 10% of global electricity in first half of 2020- report
BY: Moses olajuwon Obajemu Wind turbines and solar panels accounted for a record 10% of the world’s electricity in the…
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