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Benin’s opposition has returned to parliament after a four-year absence, winning 28 seats in elections dominated by President Patrice Talon’s allies.
According to the electoral authority, the main opposition party Les Democrates won 28 seats, while the Republican Bloc and Progressive Union for Renewal parties allied with Talon together won 81 seats.
None of the remaining four parties competing for the 109 seats gathered enough votes to meet the 10 percent threshold for parliamentary representation.
The electoral commission said, voter turnout in the polls was a low 38.66 percent, despite analysts predicting it would be higher as more parties were involved.
Deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022. According to the Deputy Governor, Financial System Stability Directorate, CBN, Aishah Ahmad, total assets rose to N69.67tn in October 2022 from N57.3tn in October 2021, while total deposits rose to N43.05tn from N36.13tn over the same period. Total credit also increased by N5.32tn to N28.81tn between […]
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