Banking & Finance
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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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ABCON: CBN’s decision to discontinue FX sales to BDCs made naira worthless
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the decision of the Central Bank of Nigeria (CBN)…
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Nigerian banks suspend foreign cash withdrawals with Naira cards
Nigerian banks have suspended individual withdrawals with local debit cards abroad and toughened limits on online payments, bankers said on…
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Ecobank leads as 10 Commercial Banks spend over N400bn on staff salaries, wages in 12 Months
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of…
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Fire guts building in Ilorin as victim recounts ordeal
By Jimoh Sulyman Thursday is a day to forget for the residents of an ill-fated building at Kilanko area of…
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World Bank forecasts Nigeria’s economy to grow by 2.5% in 2022
The World Bank says the Nigerian economy is expected to grow by 2.5 percent in 2022, up from an estimated…
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N250bn Sukuk bond oversubscribed 3.46 times
The Debt Management Office (DMO) has said that the N250 billion Sovereign Sukuk offer attracted unprecedented over-subscription of N865 billion.…
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CBN automates forms for invisible transactions, non-commercial exports
The Central Bank of Nigeria (CBN) says it has automated Form A deployed for invisible transactions and NCX form, used…
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