Economy
SEC Safeguards N2.36tn in Special Funds Following Regulatory Updates
The Securities and Exchange Commission (SEC) has announced that it successfully brought approximately N2.36 trillion in discretionary and non-discretionary funds...
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Naira Dips Against Dollar Amid CBN Denial of Forex Reserves Use
The Nigerian currency experienced a setback against the US dollar, losing ground by N81 in the official market, trading at...
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FG Engages Neighboring Countries on Border Reopening Amid Decline in Commodity Prices
The Federal Government has provided an update on its consultations regarding the potential reopening of Nigeria's land borders. This announcement...
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Oil Prices Surge Over $90 Per Barrel Amid Escalating Tensions Between Israel and Iran
The price of Brent crude has soared to over $90 per barrel, witnessing a notable increase from $87 shortly after...
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Data Reveals CBN’s Limited Intervention in Naira Defense
Recent data from the FMDQ Securities Exchange has shed light on the Central Bank of Nigeria's (CBN) approach to defending...
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Naira Appreciating Faster Than Expected: BDCs Buying Dollars at N980/$, ABCON Confirms
In a notable development for Nigeria's foreign exchange market, the Association of Bureau De Change Operators of Nigeria (ABCON) has...
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CBN Implements Regulatory Measures to Enhance Lending to Real Sector
In a recent regulatory update dated January 20, 2020, the Central Bank of Nigeria (CBN) has announced measures aimed at...
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IMF Projects Nigeria’s Inflation Rate to Decline to 23% by 2025
In a significant revelation at the International Monetary Fund/World Bank Spring Meetings held in Washington D.C., the IMF has unveiled...
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Nigeria’s Inflation Persists Despite CBN Efforts: Understanding the Challenges and Solutions
Despite concerted efforts by the Central Bank of Nigeria (CBN) to rein in inflation through significant policy adjustments, Nigeria's inflation...
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Naira Maintains Strength at Official Market Trading at N1136/$
The Nigerian naira has continued its upward trajectory against the US dollar in the official foreign exchange (FX) market, even...
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Popular Story
Brent Crude Surges Past $105 as Iran Conflict Enters Third Week, Heightening Global Supply Fears
CBN Limits Mobile Banking Apps to One Device in New Security Push for Instant Payments
Cash Outside Banks Drops N198bn in January as Money Supply Contracts
Naira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply
CBN increases Fines and Penalties for Non-Compliance of Customer Due Diligence Regulation.
