Banking & Finance
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Bitcoin reaches fresh record high
The bitcoin, the most popular cryptocurrency, hit a fresh record high above $60,000 on Saturday, according to trading data. As…
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Naira loses further at black market
Naira fell against the U.S. dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Friday,…
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COVID- 19: Cutdown lending rates of commercial banks, MAN tasks FG
In a bid to enhance Industrial activities to compete favourably with other African countries under the African Continental Free Trade…
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Naira falls on black market, gains on I&E window
Naira strengthened against the US dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Friday,…
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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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