Banking & Finance
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149Forex Reserves Decline to $36.32b on High Dollar Demand
Nigeria’s foreign exchange reserves fell to $36.32bn as of August 29, 2024, according to data released by the Central Bank of Nigeria...
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250Currency Outside Banks Dropped to ₦3.7tr in July –CBN
The Central Bank of Nigeria’s (CBN) has disclosed currency outside the banking system dropped to N3.66 trillion in July, inferring that its...
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388Currency in Circulation Peaked at ₦4.05tr in July –CBN
The Central Bank of Nigeria (CBN) has reported that the currency in circulation surged to an unprecedented N4.05 trillion in July 2024,...
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236
CBN Lifts Suspension on Standing Lending Facility
The Central Bank of Nigeria (CBN) has officially announced the lifting of the suspension on the Standing Lending Facility (SLF), a critical...
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272Business Conditions will Improve Soon –CBN
Business owners are optimistic that the conditions for doing business in Nigeria will improve in August 2024, and the following six months,...
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268Over 30m Nigerians Financially Excluded –NESG
The Nigerian Economic Summit Group (NESG) has advocated a more effective approach in Nigeria’s financial inclusion drive as over 30 million of...
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293
CBN Reintroduces Publication of Key Economic Reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to enhance transparency. According to a statement...
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294Cardoso Highlights Importance of Currency Management
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has emphasised the crucial role of currency management and forecasting in...
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257NDIC Pays 82% of Defunct Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation has said that about 82.36 per cent of the depositors of failed Heritage Bank have been paid....
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321CBN Demands Transaction Evidence on All Divestments, Repatriation of Foreign Investments
The Central Bank of Nigeria (CBN), yesterday clarified that every divestment or repatriation of foreign investment, be it a pre-liquidation or matured...
