Finance
DMO Raises N4.9 Trillion for Ways and Means Securitisation, Secures N4.5 Trillion for Budget Deficit
The Debt Management Office (DMO) has successfully raised N4.9 trillion out of the N7.3 trillion approved for the securitisation of...
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NDIC Secures Winding Up Orders for 96 Defunct Microfinance and Mortgage Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has successfully secured winding up orders for 96 out of...
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FAAC Disburses N1.208 Trillion to Government Tiers for May 2024
The Federation Accounts Allocation Committee (FAAC) has disbursed N1.208 trillion to the three tiers of government as revenue for May...
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Central Bank of Nigeria to Double Foreign Currency Remittance Flows with Approval of 14 New IMTOs
The Central Bank of Nigeria (CBN) has embarked on plans to double foreign currency remittance flows through formal channels by...
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CBN Directs Banks to Implement Foreign Exchange Policy Reforms to Ensure Financial Stability
In a bid to enforce strict compliance with recent foreign exchange policy reforms, the Central Bank of Nigeria (CBN) issued...
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Nigeria’s External Debt Servicing Hits 70% of Dollar Payments in Q1 2024
Recent data from the Central Bank of Nigeria (CBN) has revealed that Nigeria allocated a staggering 70% of its dollar...
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Four Nigerian Banks Upgrade Licences Amid Recapitalisation Rush
As Nigeria's banking sector experiences a surge in recapitalisation efforts, four deposit money banks in the country have recently upgraded...
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Nigerian Fintech Giants Moniepoint and OPay Comply with Central Bank Regulations, Shut Down Crypto Trading Accounts
In a move aimed at regulatory compliance, Moniepoint and OPay, two prominent digital banking providers in Nigeria, have announced the...
Read moreNigerian Banks’ Lending to Private and Public Sectors Drops by Trillions in March
Data from the Central Bank of Nigeria (CBN) has revealed a significant drop in Nigerian banks' lending to both the...
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Nigeria’s FX Reserves Rise, Naira Volatility Continues Amid Weak Capital Inflows and CBN Interventions
Nigeria's foreign exchange (FX) reserves witnessed a modest increase last week, with the gross reserves level rising by USD132.68 million...
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