Banking & Finance
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257Insurance Bill Will Grow Sector –NAICOM
The National Insurance Commission and some other stakeholders in the insurance industry have said that the passage of the new Insurance Consolidated...
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193Diaspora Remittances Rose by 61% –CBN
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October...
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130Senate Proposes Foreign Currency Ban for Local Transactions
The Senate, on Tuesday, passed for first reading a bill to ban the use of foreign currencies for payments and transactions within...
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205Banks Restrict Multiple Account Owners to ₦20,000 Withdrawal
There is no end in sight yet to the low cash supply by commercial banks as customers face increasing difficulty with cash...
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142W’Bank Plans $1.65b Loans for Nigeria Next Year
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts...
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210Currency Outside Banks Now ₦4.29tr, 94.2% of Currency in Circulation
Currency outside banks in Nigeria surged to a record high of N4.29 trillion in October 2024, accounting for 94.2 per cent of...
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207
World Bank May Approve $500m Loan to Nigeria Today
The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday)...
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237Banks Lost ₦42.33b to Fraud in Six Months –Report
Banks in Nigeria have reported a staggering N42.33bn in fraud-related losses over the first two quarters of 2024, with increases recorded across...
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204Nigerians Pay ₦1.5tr Despite Declared ₦15tr Income –Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Taiwo Oyedele, has said that personal income tax...
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138Bank Directors Advise Tax Reforms Committee on Collaboration
The Bank Directors Association of Nigeria has called on the Presidential Fiscal Policy and Tax Reforms Committee to continue to maintain an...
