Finance & Economy
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Forex: CBN moves to stop naira free fall
The Central Bank of Nigeria has said it is set to take new measures to stabilise the naira against the…
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CBN: From Debt Headaches to Reserve Migraines
The 2022 financial statements of the Central Bank of Nigeria (CBN) have whipped up emotions ranging from the fast and…
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N1000/$ Mark: Nigeria’s Currency Struggles and Squirms Ahead
The Nigerian Naira is grappling with a fast burn fall against the US Dollar, particularly in the parallel market, where it trades at a premium…
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CBN threatens to sanction banks engaging in illegal sales of Forex
The Central Bank of Nigeria (CBN) has threatened to punish banks engaging in illegal sales of forex. The acting Governor of CBN, Folashodun Shonubi, who disclosed…
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CBN loans from foreign banks may cost Nigeria 40% of foreign reserves
Africa’s biggest economy is battling its worst economic turmoil in decades as the Central Bank of Nigeria’s (CBN) debt to…
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Diversion of diaspora remittances is reason for naira crash – CBN Acting Governor
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dollar and its inability to…
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CBN Probe: Tinubu appoints FRC’s Jim Obazee as special investigator
President Bola Tinubu has appointed Jim Obazee, Chief Executive Officer of the Financial Reporting Council of Nigeria, as a special…
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World Bank To Nigeria: Reduce Govt Borrowing From CBN
The World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce…
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Returns on Nigeria’s Collective Investment Vehicles (CIVs) Slump Mildly in July 2023
Nigeria’s collective investment vehicles (CIVs), comprising mutual funds, infrastructure funds, and Exchange Traded Funds (ETFs), posted a YTD return of…
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NTB PMA Stop Rates Lunge in Response to Rising Rates
The treasury bill stop rate responded to the Central Bank Monetary Policy Committee (MPC) Monetary Policy Rate (MPR) increase for…
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