Banking & Finance
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164CBN will Build on FX, Remittance Reforms –Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the apex regulator was going to build on the...
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1332025 Budget: N’Assembly Proposes ₦25tr Revenue Target for FIRS
The National Assembly Joint Committee on Finance yesterday commended the Federal Inland Revenue Service (FIRS) for surpassing its target last year. The...
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131CBN Sanctions Banks for ATM Cash Dispensing Failures
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks...
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136BDCs Struggle to meet ₦2b Recapitalisation Despite Extension
Some Bureau De Change operators are still struggling to meet the fresh N2bn recapitalisation threshold of the Central Bank of Nigeria despite...
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114
CBN Unveils Diaspora-friendly Accounts to Boost Investments
The Central Bank of Nigeria (CBN) has unveiled two new financial products aimed at attracting investments from Nigerians living abroad. The Non-Resident...
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163
CBN Suspends Export Proceeds Repatriation Extension
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This...
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171Oil, Gas Sector Received 31.1% of Banks’ Credit Allocation in Q3 2024
The oil and gas sector received 31.1% of deposit money banks’ (DMBs) total credit allocation in the third quarter of 2024, highlighting...
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177China Development Bank Approves $254.76m Loan for Kano-Kaduna Railway
The China Development Bank (CDB) has approved a $254.76 million (€245 million) loan to support the Kano-Kaduna railway project. The funding, announced on...
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136Naira Gains 125/$ One Month After EFEMS
Nigeria’s currency has appreciated by N125 to a dollar one month after the launch of the Electronic Foreign Exchange Matching System (EFEMS)....
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151
Liquidity Squeeze: DMBs, Merchant Banks Borrowed ₦131.42tr from CBN in 2024
Following the tight monetary policy regime by the Central Bank of Nigeria (CBN), which led to liquidity squeeze, Deposit Money Banks (DMBs)...
