Banking & Finance
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179FX Gap Narrows to 4.5% Amid Financial Reforms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria’s foreign exchange (FX) gap has significantly narrowed...
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150Personal Loans Rose to ₦3.3tr in November –CBN
Nigeria’s personal loan portfolio rose by 37.76 per cent to N3.32tn in November 2024, according to the latest monthly report by the...
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194‘Nigerian Tax Laws not Conducive for Growth’
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the current tax laws in...
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159CBN to Banks: Stop Limiting ATM Withdrawals to Below ₦20,000
The Central Bank of Nigeria (CBN) has issued a strong warning to banks that restrict customers from withdrawing up to N20,000 per...
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173FG Stops MDAs from Operating Accounts with Commercial Banks
The Federal Government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the...
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160House Passes Tax Reform Bills for Second Reading
The House of Representatives yesterday passed the controversial tax reform bills submitted by President Bola Tinubu for second reading. The bills are:...
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191‘Nigeria Got $52b from Afreximbank, Largest in Africa’
Nigeria has received a cumulative disbursement of approximately $52bn from the African Export-Import Bank, making it the largest beneficiary of the bank’s...
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126CBN Reviews ATM Transaction Fees, Scrap Free Withdrawals
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs). In a circular...
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124
CBN Announces Rescheduled February 2025 MPC Meeting
The Central Bank of Nigeria (CBN) has announced a new date for the 299th meeting of its Monetary Policy Committee (MPC), shifting...
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130AfDB Dissatisfied with $210m Nigeria Agro-Industrial Zones Project
The African Development Bank has expressed dissatisfaction over the slow progress of the first phase of Nigeria’s Special Agro-Industrial Processing Zones project,...
