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Tuesday, September 21, 2021
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Emefiele’s Summer Season Mistake Responsible for FX Crisis  

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)...

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 statement on Sunday issued by...

Corporate Nigeria’s Profit Jumps 33.10% to N1.07 trillion in Second Quarter

Big Nigerian companies have recorded a mammoth rebound in profit during the second quarter earnings season, underscoring the scale of the recovery in corporate...

abokiFX Suspends Parallel Market Quotes After CBN’s Threats

AbokiFX, a web platform that reports movements in the foreign exchange market, has suspended operations as the Central Bank of Nigeria (CBN) placed its...

Banks Wary as Fintechs Seek to Crack Finance Code

Global brands from Mercedes to Amazon and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer...

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 all policy parameters to allow...

Southern Governors Back State Collection of VAT, Insist on 2023 Presidency

Governors from the southern region of Nigeria have declared their support for the collection of Value Added Tax (VAT) by state governments, in place...

Fidelity Bank’s Profit Surges on Increased Customer Transaction, Improved Efficiency

Fidelity Bank’s profit has surged on the back of increased customer transactions as cost control measures put in place by management and board of...

NPF Microfinance Bank Aggressive About Lending to Small Business as Profit Surges

Nigeria Police Force (NPF) Microfinance Bank Plc loans to customers have been growing steadily in the past five years, thanks to improved technology, better...

MoneyCentral Rates Stanbic IBTC Stock Underweight on Poor Earnings

MoneyCentral is rating the stock of Stanbic IBTC as underweight due to its poor second quarter (Q2) 2021 numbers. In financial markets, underweight is a term used when...

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