‘This wave of recapitalization is a bit different from that of Charles Soludo implemented between July 2004 and December 31, 2005 in which all the banks were all forced to recapitalize to a minimum of N25 billion. It shrunk the industry from 89 to 24 banks. This time, the banksContinue Reading

As experts react The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few days of stability. The Customs duty rate was reviewed upwards from N1, 544.081/$ to N1, 560.511/$ on Wednesday, March 6, 2024,Continue Reading