Banking & Finance
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335CBN Maintains 5% Ways and Means Advances to Govt
The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the Federal Government at a...
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341Banks Borrowed ₦3tr from CBN in One Week –Report
Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according...
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384PSPs to Route PoS Transactions Through NIBSS, UPSL within 30 days –CBN
The Central Bank of Nigeria (CBN) has mandated that all point of sale (POS) transactions must be routed through its licensed Payment...
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366Naira Weakens to ₦1637/$
The Nigerian naira has lost further ground against the United States dollar, with the exchange rate hitting N1637.59 at the close of...
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310Govt Imposes Electronic Levy on Opay, Moniepoint Users, Others
Customers of financial technology (fintech) companies including Opay, Moniepoint and Kuda are grumbling over the implementation of the Electronic Money Transfer Levy...
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424
CBN Boosts Forex Liquidity, Sells Dollars to BDCs at ₦1,580
Central Bank of Nigeria (CBN) has increased liquidity in the foreign exchange market by selling US dollars to Bureau De Change (BDC)...
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285Govt to Clamp Down on Banks Breaching Lending Rules
The Federal Government has vowed to take steps to address the issue of banks lending money to state governments without adhering to...
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421Nigeria, China Revive Local Currency Swap Deal
Nigeria and China are set to revive their local currency swap agreement in a bid to bolster trade between the two nations...
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236
Banking Sector Positioned to Drive Sustainable Growth –CIBN
The Chartered Institute of Bankers of Nigeria (CIBN) has asserted that the banking sector in the country is uniquely positioned to drive sustainable...
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282CBN, SEC, NDIC Partner to Simplify Bank Recapitalisation
The Central Bank of Nigeria, the Securities and Exchange Commission and the Nigeria Deposit Insurance Corporation have joined forces to streamline the...
