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Analysts say Central Bank of Nigeria (CBN) Governor Godwin Emefiele's decision to restrict the supply of foreign exchange to the Bureau De Change (BDCs) during the summer period is...
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MarketsLatest
FrieslandCampina Celebrates 150 years of Grass-to-Glass Dairy Cooperative
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Global dairy cooperative, FrieslandCampina has flagged off series of activities to celebrate its 150th anniversary. Starting from its international...
Bitcoin Falls 10% as Risky Assets Tumble Globally
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The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline.While bitcoin is...
$34bn Untapped Remittances: Why BDCs Should Get Involved
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With the Central Bank of Nigeria (CBN) stoppage of foreign exchange sales to Bureaux De Change (BDCs), economists and...
Fidelity Bank Aggressive About Lending as LDR Exceeds Regulatory Threshold
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Fidelity Bank Plc has adequate liquidity to cover loans in the event of an economic downturn even as it extends more...
Insurers Cede N108.90bn of Premium to Reinsurers in 2020
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Insurers in Africa’s largest economy have ceded about N108.90 billion to the reinsurance markets in 2020, representing 34.36 percent...
Buhari Orders Incorporation Of NNPC, Appoints Board
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President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited, the State House has announced.A...
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EconomyLatest
MPC Retains Policy Parameters to Go After illegal FX Dealers
The MPC has concluded its two-day policy meeting. At the end of the meeting, members unanimously voted to retain...
Naira Hits New Low of N545 Against Dollar in Black Market
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The Nigerian naira extended losses on the black market on Friday to hit a new record low of N545...
Firms with N1.18 trillion Cash Hoard Seen as Vital to Economic Rebound
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Nigerian blue chip companies holding big cash balances after hoarding cash during the pandemic are seen as vital to driving private sector...
Naira Crashes to N530/$ at Parallel Market
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The naira yesterday traded at all time low of N530 to dollar at the parallel market. The naira also...
Reps Vow To Recover Unremitted Revenue Before End Of 2021
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The House of Representatives Committee on Customs, has vowed to ensure that all unremitted revenue is recovered before the...
Nigeria’s Eurobonds Debt Rise By $10.87bn In Five Years
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Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of...
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