Banking & Finance
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188Nigeria Taps Additional $215m W’Bank Loan for Palliatives
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount...
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203Nigeria Removed from List of Countries Indebted to IMF
International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement...
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122Afreximbank to Fund African Energy Bank with $19b in Bid to Raise Oil Industry Capacity
The African Export Import Bank (Afreximbank) would be funding the African Energy Bank (AEB) to the tune of $19 billion to increase...
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206Naira Printing Costs Skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared...
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147CBN Committed to Long-term Stability, Financial Inclusion –Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the apex bank’s commitment to promoting long-term economic stability, financial...
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187AfDB Approves $650m Annual Commitment to Boost Economic Growth
The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering...
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171CBN Emphasises Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is...
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179FIRS Orders Banks to Close Unauthorised Tax Collection Accounts
The Federal Inland Revenue Service (FIRS) has instructed all banks in Nigeria to immediately identify and close any tax and levy collection...
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113NDIC Warns Depositors Against Unlicensed Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) has advised depositors to verify licensed insured deposit taking institutions before entrusting their funds. The corporation’s...
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87Debt Servicing Gulped ₦696b in January –CBN
The Federal Government’s precarious fiscal position worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin,...
