Finance
FirstBank Maintains Impressive Performance, Posts N238.53bn Pbt In Q1 2024
FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024...
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CBN Attributes Forex Market Instability to Seasonal Demands, Raises Interest Rates
The Central Bank of Nigeria (CBN) has linked the recent instability in the foreign exchange market to seasonal demands, according...
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UK Government’s MOBILIST Programme Underlines Commitment to Nigeria’s Capital Market for Sustainable Development
The UK Government shares the belief that Nigeria will benefit from the further development of its capital market and is...
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Fintech Firms to Resume Onboarding New Customers Under Stronger Regulatory Framework -CBN
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including prominent fintech firms like OPay, Palmpay, Kuda...
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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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