Finance
CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years
The Central Bank of Nigeria (CBN) has announced an increase in the maximum tenure for Managing Directors/Chief Executives of banks...
Read moreCBN expends $17.81bn to bolster weak Naira
The Central Bank of Nigeria (CBN) drew down Nigeria’s foreign reserves and expended $17.81billion to defend the nation’s weak currency, at...
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Business Confidence Nears Record Low as Fuel Subsidy Removal Intensifies Price Pressures, says Stanbic IBTC
According to Stanbic IBTC's Purchasing Managers Index (PMI) report, the removal of the fuel subsidy in Nigeria in June led...
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Banks’ Credit Surges by N4.54 Trillion in One Year, Reflecting Industry Growth
The Nigerian banking industry witnessed a substantial increase in total credit, with a rise of N4.54 trillion or 17.40% recorded...
Read moreBanks’ borrowing from CBN intensifies, rises 140% to N10.35trn
There are indications that banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as...
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SEC restates commitment to market digitalization
The Securities and Exchange Commission has reaffirmed its commitment to collaborating with various stakeholders in the market to support the...
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Naira slumps as CBN commences rates harmonization, faces supply hurdle
The Central Bank of Nigeria (CBN) has taken a decisive step towards foreign exchange rate convergence by adopting a clean...
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ASEA eyeing AELP Phase II roll-out by Q3 2023
The African Stock Exchange Association (ASEA) has revealed that having successfully launched phase one of the African Exchanges Linkage Project...
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LIRS, FIRS issue public notice on joint tax audit, investigation
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum...
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FG records N930bn two-month fiscal deficits – CBN
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023, according to the Central Bank of Nigeria. The...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.