Finance & Economy
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CBN removes saving, withdrawal limits on domiciliary accounts
The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts. The Central Bank of Nigeria (CBN) issued…
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Inflation Increases by 22.41% YoY in May 2023 as Food Inflation Rises by 24.82%
All Items Index In May 2023, the headline inflation rate increased to 22.41% relative to April 2023 headline inflation rate…
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Banks’ Performances Suffer Under the Burden of Multiple Deductions
While the introduction of the AMCON fee in 2011 was seen by Analysts as being pivotal to averting a financial…
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Nigeria Bonds Surge on Weekend Ouster of Central Bank Chief
Nation’s bonds best emerging-markets performers on Monday Naira may weaken to 700 to the dollar after Emefiele detention Nigeria’s dollar…
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Fitch Retains Stable Outlook for Four Nigerian Banks
Following the country’s sovereign downgrade, Fitch Rating downgraded six commercial banks’ long-term issuer default ratings (IDRs) to ‘B-’ in November…
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Nigeria’s Fiscal Deficit for February 2023 Worries Stakeholders
operations of the Federal Government led to a significant 22.8% increase in deficit spending in February, according to data from…
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The Problems With CBN’s CRR Deductions and NDIC Premium
The Cash Reserve Requirement (CRR) is the proportion of customer deposits that banks must hold in zero percent interest-yielding assets…
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Between NDIC and AMCON: Resolving a Knotty Problem
Between NDIC and AMCON: Recalibrating Regulatory Roadmaps Investors bother about earnings rather than asset size, which is the primary cause…
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FBN Holdings Plc Declares N50.05bn PAT in Q1 2023 Results
FBN Holdings Plc, a financial institution in Financial Services sector announced 43.7% Revenue growth in Q1 2023 Unaudited Results. Key Highlights…
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CBN refutes devaluation rumors, denies naira devalued to N631/$1
The Central Bank of Nigeria has debunked reports claiming that the apex bank has devalued the naira to N631/$1. Reacting…
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