Banking & Finance
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532EFCC, SEC Move to Hunt Down Ponzi Schemes Operators
The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide....
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811PenCom Commits ₦5.51tr Pension Fund to Boost Real Sector Growth
The National Pension Commission (PenCom) has said it committed a total of N5.51 trillion to asset classes that support long-term financing for...
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437CBN Insists Banks Must Recapitalise to Fund $1 Trillion Economy
The Central Bank of Nigeria (CBN), yesterday said it was inevitable to order the recapitalisation banks to fund, finance, and power the...
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393Nigeria’s External Debt Servicing May Hit $5.2b –Fitch
Nigeria’s external debt service is projected to rise to $5.2bn this year, highlighting growing pressure on public finances despite ongoing economic reforms,...
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179Amid Fears Over CBEX, SEC Warns Against Unregistered Trading
The Securities and Exchange Commission (SEC) says the newly enacted Investments and Securities Act, 2025 (ISA 2025) makes it illegal to operate...
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637
Nigeria Bans Unregistered Digital Asset Exchanges, Online Forex Platforms
The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign...
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705Afreximbank Opens ₦195b Africa Trade Centre in Abuja
After 41 months of construction, African Export-Import Bank has commissioned the $120 million (N195 billion) Afreximbank Africa Trade Centre (AATC) Abuja yesterday...
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347
Nigeria’s $6.83b 2024 Balance of Payment Surplus Signals Economic Revival –CBN
Nigeria recorded a $6.83 billion balance of payments (BoP) surplus in 2024, a strong indicator of renewed economic momentum, according to the...
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461CBN, Firms Drive FX Inflows to 22-Month High
Despite global trade uncertainties, inflows from local sources rose to a 22-month high, rising by 51 per cent month-on-month (m/m) to $3.11...
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293
International Payments Facilitated by CBN Hit $497m in February
The Central Bank of Nigeria (CBN) has reported a 17.2 per cent year-on-year (y/y) increase in international payments in February 2025, reaching...
