National News
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FG’s Sukuk Bond issuances to take away deposits from bank, non-bank, say analysts
A group of analysts at Guaranty Trust Holding Company Plc (GTCO) said 2022 may witness an intensified competition for deposits not only between banks and non-bank competitors but also with the federal government as a result of FGN Sukuk Bond issuances and possible pick up of the e-naira, effectively taking away deposits from banks. They expressed that the discretionary Cash…
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Court restrains NASS from amending new electoral act
The Federal High Court, Abuja, on Monday temporarily restrained the National Assembly from deleting or taking any further steps regarding Section 84 (12) of the newly-amended Electoral Act, 2022. Justice Inyang Ekwo made the order while delivering ruling in an ex parte application brought by the Peoples Democratic Party (PDP) challenging the legality or otherwise of the National Assembly to…
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