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Economy

Nigerian Court Stops Secret Police From Arresting Central Bank Head Emefiele

A federal high court sitting in Abuja has declined an application by the Department of State Services (DSS) to arrest and detain Godwin Emefiele, governor...

Obiano Funded Multi-million Naira Dream With Passion and Prudence

Former governor of Anambra State, Chief Willie Obiano, made history on April 11, 2017, when he discussed the Airport City Project in Umueri, Anambra...

Few Days After Release, Fake New N1,000 Notes in Circulation

Few days after the Central Bank of Nigeria, CBN, released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake copies...

Obaseki Lifts Edo Out of Top 10 Most Indebted States in Nigeria

… as Rivers, Lagos, Ogun top list On the back of prudent management of scarce resources by the Governor Godwin Obaseki-led administration, Edo State is...

Naira at Crossroads as China Pivots Away from U.S Dollar

China may be ready with gloves on, in the rings for a currency war with the West, especially its arch rival, the United States,...

10mins Per Transaction? Why CBN Cash Limits Will Cause Long Lines at ATMs, Banking Halls

The Central Bank of Nigeria (CBN) circular to all Deposit Money Banks to limit the cash withdrawals by individuals in banks over the counter (OTC) to...

₦‎1 Trillion Old Notes Received By CBN, Banks – Emefiele

CBN Governor Godwin Emefiele has revealed that roughly N1 trillion in soon-to-be-replaced notes has been received through the banking system to be swapped for...

House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit

The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January...

Ahmad, Lametek get Presidential nod as Deputy Governors, CBN for Second Term

President Muhammadu Buhari has reappointed Mrs. Aishah Ndanusa Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN) and Edward Lametek Adamu, Deputy Governor,...

Manufacturers Deteriorating Profit Margins Validate GDP contraction

Manufacturers in Africa’s largest economy are not efficient in converting per Naira sales into profit as the sector activity contracted due to a myriad...

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