News
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CBN clears remaining valid FX backlog as external reserves rise by $993 million
The Central Bank of Nigeria (CBN) has announced the complete clearance of the valid foreign exchange backlog. This significant achievement…
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Naira strengthens to N1400/$ on the parallel market as speculators sell
Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell marking a significant…
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Naira face U.S Fed test as Nigeria FX market show short term stability
A litmus test of the naira’s stability will be in play when the Federal Reserve makes it interest rate decision…
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WHEN THE BANKING SECTOR IS NOW DOMINATED BY THE FEMALE GENDER:
As Zenith Bank Appoints Adaora Umeoji As New GMD/CEO Zenith Bank has appointed Adaora Umeoji as its new group managing…
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Nigeria’s February 2024 Inflation: Rubbing Shoulders with the Past
“Life today is nothing more than a collection of results of the choices you have made”. – Robert Schuller Inflation has…
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Zenith Bank appoints Adaora Umeoji as GMD/CEO designate
The Board Directors of Zenith Bank Plc has announced the appointment the appointment of Dr. Adaora Umeoji as the Group…
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Nigeria’s earnings from foreign taxes nearly doubled in 2023 over weak naira
Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of…
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Inside CBN’s N10 trillion intervention where N193 billion loans have been declared lost
The Central Bank of Nigeria’s Intervention Funds Programme, estimated at N10.3 trillion, has achieved a repayment rate of 75.8%. The…
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Dangote Cement FY 2023: Net Sales Rises 36.6%, Despite Tough Business Environment
Nigeria’s cement companies are going through a rough patch despite rising market product prices. Rising input and logistics costs and…
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MTN Nigeria FY 2023 Result: FX Losses Hurt Bottom Line as PAT Drops 138.09%
Nigerian Telcos had a harsh year in 2023, and the pain continues into 2024. The problem was less a matter…
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