News
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CBN Excludes Six Banks in Its New Retail FX Sales Scheme to End Users
On Tuesday, August 6, 2024, the Central Bank of Nigeria (CBN) conducted retail foreign exchange (FX) sales to end users…
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What transpired when President Tinubu met Emeka Anyaoku led The Patriots
President Bola Tinubu received the Patriots, a group of eminent Nigerians, on Friday in Abuja. He emphasized that his administration’s…
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Court Rules Against Union Bank For Fraudulently Selling Customer’s N142m Valued Property For N30m Over Loan
A Lagos High Court has ruled against Union Bank for selling a property used by Otunba Adedoyin Olayide Ogunde, a…
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From Support to Sabotage: The Complex Legacy of Yahaya Bello
By Abdul Mohammed Lawal A major challenge for executive office holders in Nigeria, including Presidents and Governors, is the need…
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Currency in Circulation Hits N4.04tn, Currency Outside Banks Now 93.6% of CIC
Data from the Central Bank of Nigeria (CBN) has indicated that the currency in circulation reached an all-time time of…
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CBN approves financial accommodation for Unity, Providus Bank merge
The Central Bank of Nigeria (CBN) has granted an approval for a financialaccommodation to support the proposed merger between Unity…
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CBN Approves ProvidusBank, Unity Bank Merger
The Central Bank of Nigeria,CBN, has approved the proposed merger of Providus Bank and Unity Bank of Nigeria. This was…
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Federal Government’s Power Subsidy Soars by 151% to N633.30bn
The electricity subsidy obligation of the federal government rose from N252.76 billion in the last quarter of 2023 to N633.30…
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PoS Takes Over Cash Dispensing Services As Cash Dries In ATMs
With most Automated Teller Machines (ATMs) of banks not dispensing cash, most bank customers have resorted to use of mobile…
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Retail investors may shun bank stocks after N1.6tn loss
Banking stocks listed on the Nigerian Exchange have lost about N1.62tn in their market capitalisation since the Central Bank of…
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