Banking & Finance
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Naira appreciates slightly against dollar
The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at 436. The rate…
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eNaira: App download nears 1m, only 282,600 currently active
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the eNaira application has so far recorded a total…
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Bank stops dollar transactions using naira debit cards
As a result of the increasing scarcity of foreign exchange in Nigeria, First Bank of Nigeria has suspended the usage…
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Naira’s free fall continues, trades N692/$ at parallel market
The naira, on Tuesday, fell to N692 per dollar at the parallel market amid the lingering scarcity of the greenback.…
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Naira drops to N680/$ at parallel market despite EFCC’s clampdown
The naira, on Wednesday, weakened against the dollar at the parallel section of the foreign exchange market. Bureaux De Change…
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FX scarcity: EFCC raids BDC hub in Abuja over alleged dollar mop-up
Operatives of the Economic and Financial Crimes Commission (EFCC) have raided Wuse Zone 4, Federal Capital Territory, Abuja, over allegations…
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Titan Trust Bank completes takeover of Union Bank
Titan Trust Bank Limited (TTB) has brought to closure the deal enabling it to purchase a controlling stake in Nigeria’s…
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IMF raises Nigeria’s 2022 growth forecast from 2.7% to 3.4%
The International Monetary Fund (IMF) has projected the Nigerian economy to grow by 3.4 per cent in 2022, up from…
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Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result
Zainab Ahmed, minister of finance, budget and planning, says the N1.3 trillion intervention fund the federal government provided for the…
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Naira sinks to N587/$1 at parallel market as forex scarcity persists
Nigerian naira weakened to N587 per dollar at the parallel section of the foreign exchange (FX) market. The drop is…
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