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Tuesday, September 21, 2021
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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FrieslandCampina Celebrates 150 years of Grass-to-Glass Dairy Cooperative

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

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

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

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

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

President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited, the State House has announced.A...

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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

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

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

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

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

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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