News
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Nigerian Treasury Bills rate jumps to 19% per annum as CBN targets exchange rate stability
The 364-day treasury bills stop rates spiked to 19% per annum, the first clear signal that the central bank was…
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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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EFCC Arrests Pastor for N1.3billion Fake Grants, Money Laundering
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the General Overseer of Faith On The Rock Ministry…
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BREAKING: EFCC freezes N3b traced to former Aviation Minister, Hadi Sirika’s brother’s account.
According to the Nation, EFCC quizzed and arrested Abubakar Ahmad Sirika, brother of immediate-past Minister Hadi Sirika over an alleged…
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$2.45m Debt: Wind Up Dangote Farms, British Company Prays Nigerian Court
For failing to pay $431,233.41 arbitration ruling from June 22, 1998 with interest at the rate of 2% per annum…
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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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