The Central Bank of Nigeria, CBN, will by September 2022 establish the Nigerian International…
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Business News
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BusinessBusiness NewsNational NewsNews
Naira now exchanging at N550 to $1
by Hafeestonovaby HafeestonovaThe Nigerian Naira depreciated further against the US dollar on Monday, September 13, closing…
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Business NewsNational NewsNews
Nigeria’s loans from World Bank, African Development Bank rise to $14.35bn
by Hafeestonovaby HafeestonovaNigeria’s loans from the World Bank and the African Development Bank rose from $7.14bn…
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Business NewsNews
CBN directs banks to create a mobile app for forex
by Hafeestonovaby HafeestonovaThe Central Bank of Nigeria has directed Deposit Monetary Banks (DMBs) in Nigeria to…
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Business NewsNews
CBN to launch digital currency on Independence Day
by Hafeestonovaby HafeestonovaThe Central Bank of Nigeria has announced that it will be announcing its own…
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Business NewsNational NewsNews
Nigeria’s inflation rate declines to 17.75%
by Hafeestonovaby HafeestonovaThe inflation rate in the country declined to 17.75% in June from 17.93 recorded…
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The naira exchanged to the dollar at the rate of 480/$ at the parallel…
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BusinessBusiness NewsNews
CBN to place sugar, wheat on FX restriction list
by Hafeestonovaby HafeestonovaThe Central Bank of Nigeria is set to place forex restriction on selected commodities…
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Nigeria’s economy has exited its recession state after the economy grew by 0.11 per…
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BusinessBusiness NewsNews
Nigeria generated N2.9tn from VAT, CIT in 2020
by Hafeestonovaby HafeestonovaNigeria generated N2.94 trillion in income from value-added tax (VAT) and company income tax…
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BusinessBusiness NewsNews
Aliko Dangote reportedly losses $900 million in just 24 hours
by Hafeestonovaby HafeestonovaAfrica’s richest man, Aliko Dangote, reportedly lost a total of $900 million within 24…
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Business NewsNational NewsNews
Nigeria’s debt increases to ₦32.2trillion
by Hafeestonovaby HafeestonovaNigeria’s debt stock rose to 32.223 trillion in September 2020 as revealed in the…
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Business NewsNews
Nigeria’s recession could last up to 2023 – World Bank
by Hafeestonovaby HafeestonovaThe World Bank (WB) has predicted that Nigeria’s current recession might last for three…
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The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has cut the Monetary…
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BusinessBusiness NewsNews
Foreign reserves rise by $140.9m, now $35.81bn
by Hafeestonovaby HafeestonovaThe country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to…
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Business NewsNews
CBN slashes minimum interest rates on savings deposit to 1.25%
by Hafeestonovaby HafeestonovaIn a bid to stimulate the economy, the Central Bank of Nigeria (CBN) has…
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Former Emir of Kano, Sanusi Lamido Sanusi has asked the Central Bank of Nigeria (CBN)…
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South African Company, Shoprite Holdings Limited says it is leaving Nigeria, Africa’s largest economy,…
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Nigeria has recorded its highest inflation rate in 26 months as confirmed by the…
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Guidelines on the Global Standing Instruction (GSI) issued by the Central Bank of Nigeria,…