Banking
Swiss National Bank Reports 13.20 Billion Swiss Francs Loss in Second Quarter of 2023.
On Monday, the Swiss National Bank (SNB) announced a significant loss of 13.20 billion Swiss francs ($15.14 billion) in the...
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Banks Release $533.48 Million for Foreign Education through Central Bank of Nigeria.
In a bid to cater to the increasing demand for foreign education, Nigerian banks have disbursed a total of $533.48...
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CBN Orders Removal of Post-No-Debit Restrictions on 440 Individuals and Businesses.
The Central Bank of Nigeria (CBN) has issued a directive to banks to remove the post-no-debit restrictions on the bank...
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FCCPC Cautions PoS Operators Over Unfair and Exploitative Fees in Nigeria
The Federal Competition & Consumer Protection Commission (FCCPC) in Nigeria has issued a call to the Association of Mobile Money...
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Ecobank Nigeria to Appeal N72 Billion Judgment in Favor of Honeywell Flour Mills
Ecobank Nigeria Limited has announced its decision to appeal a recent judgment delivered by the Federal High Court in Lagos,...
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Navigating the Complexities of Digital Lending: Why Outright Bans are not the Solution.
The advent of technology has revolutionized the way we conduct business and interact with financial services. In Nigeria, the rise...
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CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to...
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CBN Mandates Approval from Central Bank for Acquiring 5% Stake in Nigerian Banks
In a bid to enhance corporate governance and safeguard the interests of shareholders in Nigerian banks, the Central Bank of...
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Gold set for best week in 14 on expected pause in Fed rate hikes
Gold prices experienced a slight decline on Friday after a five-day rally, as expectations of a pause in U.S. interest...
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Standard Chartered to Sell Subsidiaries in Sub-Saharan Africa to Access Bank.
Standard Chartered (STAN.L) has announced its agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria's Access Bank, initiating the...
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Popular Story
CBN Grants Temporary Relief: Importers Can Use Expired NAFDAC Licences Until End of February
Nigerian Companies Secure Over $2.5 Billion in World Bank Contracts, Rank Fifth Globally
Nigerian Stock Market Extends Gains with N126 Billion Increase Despite Lower Volume
PayPal Launches in Nigeria Through Paga Partnership, Enabling International Payment
Naira Strengthens to N1,400.66/$ in Official Market as US Dollar Weakens Globally
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