Finance
Nigeria’s Financial Sector Grows by Over 30% in First Half of 2024 – Minister of Finance
At the 17th Annual Banking and Finance Conference held in Abuja on Tuesday, Nigeria’s Minister of Finance and Coordinating Minister...
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FX Reserves Decline for 5th Consecutive Week Amid Tight Foreign Exchange Supply
Nigeria’s foreign exchange (FX) reserves have decreased by USD1.03 million week-on-week (w/w), bringing the total to USD36.30 billion as of...
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Credit to Private Sector in Nigeria Surges by 33.7% in July Amid CBN’s Policy Enforcement and Currency Depreciation
Credit to the Private Sector (CPS) in Nigeria surged by an impressive 33.7% year-on-year to NGN75.48 trillion in July 2024,...
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CBN Lifts Suspension on Standing Lending Facility with New Operational Guidelines
The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a vital mechanism...
Read moreCBN Reports Record $553 Million Remittance Inflows for July 2024
The Central Bank of Nigeria (CBN) announced a record-breaking remittance inflow of $553 million in July 2024. This marks a...
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FirstBank Commemorates its Annual Corporate Responsibility & Sustainability Week
FirstBank, the West African premier financial institution and financial inclusion services provider is proud to announce its 2024 Corporate Responsibility...
Read moreNigeria’s FX Reserves Decline Amid CBN Interventions, Naira Faces Continued Pressure
Nigeria's foreign exchange (FX) reserves decreased by USD301.32 million week-on-week to USD36.53 billion as of August 15, 2024. This decline...
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NDIC Pays 82% of Heritage Bank Depositors Following Rapid Response to Bank’s Liquidation
The Nigeria Deposit Insurance Corporation (NDIC) has announced that approximately 82.36% of depositors from the recently liquidated Heritage Bank have...
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CBN Reintroduces Retail Dutch Auction System, Auctions $876 Million to Stabilize Naira
In a significant move to address the growing demand for foreign exchange and stabilize the naira, the Central Bank of...
Read moreNigeria’s FX Reserves Edge Higher as Naira Appreciates Following CBN’s Retail Dutch Auction
Nigeria's foreign exchange (FX) reserves continued their upward trend this week, albeit at a slower pace, with the gross reserves...
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