Finance
Cardoso: $2.4bn FX Claims Not Valid, $2.3bn Settled, $2.2bn Outstanding
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said about $2.4 billion out of the reported...
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S&P Global Maintains ‘B-/B’ Ratings for Ecobank Nigeria Despite Naira Challenges
Standard and Poor's (S&P), a global rating agency, has upheld its 'B-/B' long- and short-term issuer credit ratings on Ecobank...
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Naira Displays Resilience, Appreciates by 5.3% Against the Dollar
In a significant turn of events in the Nigerian currency market, the naira, exhibited strength and resilience, recording an impressive...
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NNPCL to Prepay Future Royalties and Taxes in $3.3bn Financing Deal with Afreximbank
The Nigerian National Petroleum Company Limited (NNPCL) has revealed its intention to prepay future royalties and taxes to the Federal...
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Afreximbank, UBA disburse NNPCL over $2bn oil-for-cash loan
The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25 billion as part of...
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FIRS suspends Implementation of VAT guidelines Simplifies Compliance Regime for Non-Resident Suppliers of Low-Value Goods
The Federal Inland Revenue Service (FIRS) has officially announced the postponement of the implementation guidelines for the value-added tax (VAT)...
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SEC Grants Approval to NASD Plc To Launch Digital Securities Platform, Marking a Milestone in Nigeria’s Fintech Landscape
The Securities and Exchange Commission (SEC) has given its approval to NASD Plc to launch the Digital Securities Platform (N-DSP),...
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Nigeria’s FX Reserves Rise to USD 33.09 Billion as Naira Faces 2.4% Depreciation in Ongoing Forex Landscape
Nigeria's foreign exchange reserves continued its upward trajectory last week, marking an increase of USD 49.07 million week-on-week to reach...
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CBN Dissolves Boards and Management of Union Bank, Keystone Bank, and Polaris Bank
The Central Bank of Nigeria (CBN) has taken decisive action by dissolving the Board and Management of Union Bank, Keystone...
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CBN Pays $2.062bn Additional FX Forwards with Banks, Disburses $61.64m to Foreign Airlines
The Central Bank of Nigeria (CBN) yesterday announced that it had disbursed about $61.64 million to foreign airlines through various...
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