Banking & Finance
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‘100 for 100′ policy: CBN pegs loan limit at N5bn for companies
The Central Bank of Nigeria (CBN) has fixed N5 billion as the maximum loan an obligor can access in its…
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Fake N1000, N500 notes declined in 2020 – CBN
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in…
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E-Naira, major plus for every Nigerian financial inclusion
By Adetunji Ayobrown Promised to increase Nigeria’s Gross Domestic Product, GDP, by $29 billion over the next 10 years, e-naira…
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Bitcoin crosses $60,000 mark the first time in six months
The price of Bitcoin, the world’s most popular cryptocurrency, appreciated by 7.96 per cent in the last 24 hours, touching…
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Naira in another record fall at official market
Naira weakened further against the U.S. dollar at the official market on Thursday, after reaching a record low on Wednesday,…
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Domiciliary account balances in Nigeria estimated at $16bn
Nigeria has an estimated $16 billion in domiciliary accounts of commercial and merchant banks, data from the Central Bank of…
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CBN postpones planned unveiling of eNaira
The Central Bank of Nigeria says it has postponed the unveiling of the country’s first digital currency, eNaira, citing key…
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e-Naira ‘ll reduce risk of being defrauded – Expert
By Mike Adeyemi An Ilorin based financial expert, Babatunde Salami has said the proposed e – naira policy of the…
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Naira hits all-time low at official market
Naira weakened significantly against the U.S. dollar at the official market Friday, reaching its lowest rate in that market, even…
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Armed robbers’ threat: Banks refuse to open in Ijebu Ode
The Ogun State Police Command has expressed anger over the refusal of commercial banks to open for business in the…
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