Banking & Finance
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153Cardoso, World Bank, IMF Brainstorm to Craft New Strategies for Inclusion Growth in Africa
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has engaged with the International Monetary Fund (IMF) and World Bank to...
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86E-Payments Rise By 84.3% to ₦572tr In 7 Months
Electronic payments in Nigeria have surged by 84.3 per cent, reaching N572 trillion within the first seven months of 2024, as reported...
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131CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25%
Unconvinced by the relative decline in inflation in July and August, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
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196
CBN Reintroduces Cybercrime Levy
The bank in its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025 document, revealed that as part of...
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208CBN 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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101Banks 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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234PSPs 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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64Naira 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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130
Govt 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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108
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)...
