Banking & Finance
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CBN devalues Naira, fixes dollar sale at N392
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to…
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Nigeria seeks fresh $750m World Bank loan
Nigeria is in the process of taking a fresh $750 million loan, from the World Bank to help states overcome…
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Naira sinks to lowest level in weeks
The Naira closed the week, falling to its weakest level in six weeks as Central Bank of Nigeria interventions failed…
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Naira slumps despite resumption of forex sales to BDCs
Despite resumption of forex sales to Bureau de Change operators, the Nigerian currency slumped in the parallel market. Last week,…
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Moro traders lament neglect despite huge IGR payment
By Mike Adeyemi Traders at Ogunedun market in Moro Local Government Area of Kwara State has berated the council over…
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CBN freezes Baba Ijebu’s premier lotto, 7 other accounts
Scarcity of dollars hits the parallel market during the week forcing the naira down to N465 against a United States…
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UBA Foundation increases prize money for essay competition winner
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has commenced the 2020 edition…
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CIS, 5 others to float umbrella securities body
The Chartered Institute of Stockbrokers (CIS) has gone into partnership with five frontline professional bodies to float an umbrella body…
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CBN disburses lower denomination banknotes worth N237.14bn
The Central Bank of Nigeria (CBN) said it disbursed lower denomination banknotes worth N237.14 billion to microfinance banks (MFBS), merchants,…
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Naira exchanges for 475/$ as Forex scarcity persists
Recently, Central Bank of Nigeria officially changed the exchange rate of the naira to the dollar from N361 to N379.…
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