Finance & Economy
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Cardoso’s FX reforms deliver record $844m single-day trade
Turnover in Nigeria’s foreign exchange market jumped to $844 million on February 3, the highest level of trades since June…
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CBN Governor Hints on FG’s Anticipation of a 3.76% Real GDP Growth in 2024
Being a Speech Presented by Mr. Olayemi Michael Cardoso Governor, Central Bank of Nigeria to the House of Reps held…
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Interest rates to rise as CBN sell record N1 trillion in Wednesday’s Treasury Bill auction
Recent developments suggest a potential rise in Nigeria’s interest rates for the upcoming treasury bills auction, indicating the Central Bank…
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Cardoso says CBN reforms yielding positive results, FX transaction volume hit $800 million
The Governor of the Central Bank of Nigeria (CBN) has stated that recent reforms of the apex bank are beginning…
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CBN uncovered $2.4b invalid FX claims, says Cardoso
The Central Bank of Nigeria (CBN) said it has uncovered a sum of $2.4 billion out of the previously reported…
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FG, states debts near N107tn, naira fall raises loans
Nigeria’s total debt (Federal Government and states’ loans) may hit at least N107.38tn soon following the approval of fresh borrowings…
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CBN Has Settled $2.3bn Verified FX Backlogs and Will Clear Outstanding $2.2bn Contracts Soon
The Central Bank of Nigeria has settled $2.3 billion foreign exchange contract backlogs, including that of the foreign airline funds…
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Exchange rate closes N1,419.86/$1 at official market as CBN plans ‘FCY Gateway Bank’
The Naira gained against the dollar on Monday, 5th February 2024 at the both official market and the black market. This…
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NGX continues bullish run as ASI hits 104,421.23 points
The NGX continued its bullish run as the All-Share Index appreciated by 1.57%, gaining 1,618.98 to close at 104,421.23 points. …
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2023 National budget foreclosed economic growth and jobs – Presidency
Mr. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, has said that the 2023 national budget…
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