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CATEGORY

Economy

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...

CBN’s N100,00 Limit to Constrain Commercial Activities, Cause Dash for Cash

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)...

CBN Limits Cash Withdrawals to N100,000 a Week Starting January 9th

The Central Bank of Nigeria (CBN) in a new circular to all Deposit Money Banks has limited the cash withdrawals by individuals in banks...

Diaspora’s Remittances, Investment Vital for Africa’s Future Growth, Say Participants at AfDB Forum

Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank (www.AfDB.org) Forum on ways to harness...

Where is Bank of Industry Located? See List of BOI State Branches

The Bank of Industry is located all over Nigeria and mandated to provide financial assistance for the establishment of large, medium and small projects...

CBN Dollar Sales Jump 58% to $9.22bn in First Half, 2022

Central Bank of Nigeria (CBN), dollar sales into the inter-bank foreign exchange (FX) market surged by 58%, in the first half (H1) of 2022,...

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