Finance
Nigerian 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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NDIC Raises Deposit Insurance Coverage Across Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) has implemented a significant increase in deposit insurance coverage for all licensed deposit-taking financial...
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FG Directs Banks to Deduct Stamp Duty on Mortgage-backed Loans and Bonds
In a recent move aimed at bolstering fiscal performance, the Federal Government has instructed Deposit Money Banks to commence the...
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Opay, Kuda, and Others Banned from Accepting New Customers over Cryptocurrency Concerns
The Federal Government has issued a ban on digital payment platforms such as Opay, Kuda, and other fintech companies from...
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Financial Inclusion: Fintech Will Drive Economic Growth, Lift Millions Out of Poverty-Experts
The question of Financial Technology and financial inclusion as imperatives for sustainable economic growth in Nigeria formed the core of...
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Nigeria’s FX Reserves Show Pause in Descent as Naira Depreciates
In a recent turn of events, Nigeria's foreign exchange reserves experienced a welcomed pause in their five-week descent, marking a...
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FAAC Disbursement Declines in April Amidst Revenue Challenges
The Federation Account Allocation Committee (FAAC) disbursed NGN 1.12 trillion to the three tiers of government in April, based on...
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Nigeria’s Fiscal Deficit Widens in 2023, Driven by Increased Expenditure
According to the Central Bank of Nigeria's Quarterly Statistical Bulletin, the fiscal deficit of the Federal Government (FG) expanded by...
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Capital Releases for 2024 Fiscal Year to Commence in May, Says Accountant General of the Federation
The Accountant General of the Federation, Mrs. Oluwatoyin Madein, has announced that capital releases for the 2024 fiscal year will...
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