Economy
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Investors fret as CBN begins strict vetting processes for share investment in banks
Following the initiation of stringent vetting processes for share investments in banks by the Central Bank of Nigeria (CBN), it…
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Bank recapitalisation comes with unique risks – Senate committee chairman
The Central Bank of Nigeria (CBN) has released a strong affirmation of the security of cash within Nigerian banks, highlighting…
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Nigerian economy records over $1.5bn inflow post – CBN MPC
THE Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the past few…
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Why CBN excluded retained earnings in its recapitalisation terms
The Central Bank of Nigeria (CBN) omitted retained earnings from the share capital calculation in its recent recapitalisation terms released…
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CBN raises capital base of banks to N500bn, issues a 24 months compliance window
The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for…
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Dollar not selling at N1,000 per dollar – BDCs debunk viral post
Contrary to the report making the rounds on X (formerly Twitter), Bureau De Change operators said there was no truth…
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Nigeria’s public debt skyrockets to N97.34trn in Q4 2023: NBS report
The National Bureau of Statistics, NBS, Nigeria’s public debt stock rose from N87.91 trillion, $114.35 billion,in the third quarter of…
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CBN sells $10,000 to BDCs at N1,251/$1 as naira rebounds
As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on…
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CBN successfully clears valid FX transactions to eliminate legacy backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a…
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Nigeria’s inflation rate surges to 31.7% as food prices continue to soar
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 31.7…
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