Banking & Finance

Cardoso Showcases 1-Year Achievements, Commits to $1 Billion Remittance Target

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined critical milestones in the bank’s ongoing economic reform agenda,...

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Heritage Bank: NDIC Begins Loan and Asset Recovery to Settle Uninsured Deposits

Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC) Bello Hassan has disclosed that the corporation has commenced asset recovery and loan retrieval...

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Banks Free to Trade with Deposited FX –CBN

The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal...

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FG Promises Single-Digit Interest Loans for SMEs

The Federal Government has stated that it will begin disbursement of loans at a single-digit interest rate to Small and Medium Enterprises...

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$5b African Energy Bank Gets 2025 Date

The Federal Government of Nigeria has set January 28, 2025, as the deadline for the operationalisation of the $5billion Africa Energy Bank...

26

Amid Liquidity Crunch, Banks Borrowed ₦18.09tr from CBN in October

Financial data released by the Central Bank of Nigeria (CBN), has revealed that deposit money banks and merchant banks in the country...

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FG Offers Nine-month Window for Free Forex Deposit

The Federal Government on Thursday announced a nine-month programme beginning on October 31, 2024, that allows individuals to deposit dollar bills held...