Finance & Economy
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Binance disables the naira feature on its P2P market
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users. Known…
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CBN Raises MPR to 22.75% and CRR to 45% Post February 2024 MPC Meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has today concluded its two-day meeting for February 2024. This meeting marks…
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FBNH is now most capitalized banking stock in Nigeria, topples GTCO
Nigeria’s oldest bank, FBN Holdings became the most capitalized bank in Nigeria at the close of trading on Monday 25th…
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Nigeria’s foreign capital from US investors falls by 88% in Q4 2023
In an unexpected turn of events, sharply contrasting with prior optimistic outlooks on US-Nigeria economic relations, Nigeria observed a dramatic…
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CBN sells another N1.58 trillion in Treasury Bills, interest rate at 19% for 364-day bill
The Central Bank of Nigeria (CBN) has sold an impressive N1.58 trillion in its latest Treasury Bills auction as the…
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Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1
The official exchange rate experienced a notable decline of 2.97%, settling at N1571.31 per US dollar, while intraday trading reached…
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Naira depreciation: Analysts offer strategies for volatility mitigation
Financial analysts are advocating for a re-evaluation of policies to safeguard the Nigerian Naira amid escalating forex rates, despite efforts…
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Nigeria’s money supply hits new all-time high of N93.72 trillion in January 2024
Nigeria’s broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.…
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Cardoso, forex crisis and the limit of armchair criticism,
No pain, no gain. Any analyst with no political bias will find it curious and ironic that the same Nigerians…
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Nigeria’s January 2024 Inflation Blues: Defying Gravity
When Isaac Newton thought of the laws of gravity, he did not have Nigeria’s Inflation rate in mind, he was…
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