46 Microfinance Banks Were Permanently Closed Down Today, July 1, 2026 by Central Bank of Nigeria
Here are 5 Reasons CBN Gave For Shutting Them Down!
1. Insufficient assets to meet liabilities,
2. Closure of operations without the CBN approval,
3. Inactivity and cessation of..
3. Inactivity and cessation of financial intermediation,
4. Failure to commence operations within 12 months of licence approval, and
5. Failure to maintain minimum capital funds unimpaired by losses.
See the full list below
The lines are fallen unto me in pleasant places; I have goodly heritage.
The lines are fallen unto you in pleasant places; Yea, You have goodly heritage.
#NewYear2024#quoteoftheday
The budget was prepared on the assumption that:
1. Oil price benchmark will remain at $77.96 per barrel
2. Oil Production Rate will be 1.78 million barrels per day
3. Exchange rate will remain at N800 to $1, and
4. Gross Domestic Product (GDP) growth will be 3.88%
N28.7 Trillion To Be Spent By Nigerian Govt This Year
This is how it will be spent:
1) Recurrent Expenses - N8.7 Trillion (30%)
2) Capital Exp - N9.9 Trillion (35%)
3) Statutory Transfers - N1.7 Trillion (6%)
4) Debt Service - N8.27 Trillion (29%)
#budget#HappyNewYear2024
Our Vice presidential candidate Dr. Yusuf Datti Baba-Ahmed is addressing an international press conference at the Labour Party Headquarters in Abuja. I intend to address Nigerians and the international community shortly. -PO
@renoomokri So that's the reason you started working against him, writing all manner of posts just to tarnish his image
Know that @PeterObi has produced more than 20 New leaders in Senate and House of Reps from this Labour party.
Peter Obi Effect!
New sets of leaders are emerging:
✓ Labour Party won 2 Senate seats (Anambra)
✓ Labour Party won 1 Senate seat (Enugu)
✓ Labour Party won 7 House of Reps Seats (Enugu)
✓ Labour Party won 1 House of Reps seat (Kaduna)
#ElectionResult#PeterObi