Finance & Economy
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FMBN bank raises housing loan from N15 million to N50m
The Federal Mortgage Bank of Nigeria (FMBN) has announced an increase in the National Housing Fund (NHF) limit from N15…
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Nigeria Agenda 2050: Can We Walk the Talk?
The President, Major General Muhammadu Buhari (rtd.), on Wednesday, launched the Nigeria Agenda 2050. The plan is to increase…
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CBN Places 7,552 on Watch List
The number of account holders placed on the bank verification number (BVN) watch list for fraud-related activities jumped 25 per…
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Aggressive Depositor Withdrawals Reduce Banks’ Liquidity
After the cash crunch in January and February, Nigerians’ distrust in the deposit money banks has led to huge withdrawals.…
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Is the Monetary Policy Rate an Anchorless Anchor in Nigeria?
In March 2023, the CBN’s Monetary Policy Committee raised the monetary policy rate by 50 basis points (bps) to 18%…
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Access Holdings Plc Declares N152.20bn PAT in 2022 Audited Results; Proposes N1.30k Final Dividend
Access Holdings Plc, a financial institution in financial services sector announced 42.8% gross earnings growth in FY 2022 Audited Results. Key…
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HSBC’s top shareholder calls for breakup, expressing ‘deep concern’
HSBC’s biggest shareholder called on the bank to create a separately listed Asian business headquartered in Hong Kong to fix…
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Transcorp Plc’s In 63% Profit Meltdown in Q1 2023
Transcorp Plc saw its profit before tax for the first quarter (Q1) 2023 take a 63% plunge as foreign exchange…
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Fidelity Bank Trades N13.97 billion Controlling Shares To Two Investors
Fidelity Bank has sold a 10.4 per cent controlling stake in the financial institution to two unnamed investors after conducting…
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Dubai Collaborates with Industry Leaders to Strengthen Crypto Regulations 
The Virtual Assets Regulatory Authority (VARA) in Dubai has requested crypto exchange Binance and other international firms to provide good…
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