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Take your anger to polling units, netizens condemn attacks on banks, other facilities

Take your anger to polling units, netizens condemn attacks on banks, other facilities

Reactions have trailed the protests and attacks on some public and private facilities in some states caused by the lingering Naira and fuel scarcity. The protests started over the weekend in Ibadan, the Oyo State capital with some aggrieved residents attacking Governor’s office. The protests forced Governor Seyi Makinde to suspend his second-term campaign indefinitely. […]

Banks’ credit to govt surges 17.7% to N16.6trn, MPC expresses concern

Banks’ credit to govt surges 17.7% to N16.6trn, MPC expresses concern

•Debt burden to worsen — FSDH By Elizabeth Adegbesan Credit to the government rose by N2.5 trillion or 17.7 per cent to N16.6 trillion as at April 2022 from N14.1 trillion as at January, 2022. This is contained in the latest Central Bank of Nigeria (CBN) Money and Credit data for April 2022, which  showed that […]

Nigerian banks closed 234 branches, 649 ATMs — IMF

Nigerian banks closed 234 branches, 649 ATMs — IMF

The International Monetary Fund, IMF, yesterday, said that Nigeria’s banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s Financial Access Score (FAS) to 4.44 in the year against 4.78 in 2019.