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CBN moves to crackdown on speculators

The Central Bank of Nigeria, CBN, on Monday said it is poised to reverse the slide of the naira as it has lined up...

Naira depreciate 1.02% After Closing Steady For 7 Days At Official Market

Nigeria’s currency yesterday depreciated by 1.02 percent (N4.83/$1) at the Investors and Exporters (I&E) forex window, Nigeria’s official foreign exchange (FX) market. ALSO READ: Ogwa TV...

The Effects of Fuel Subsidy Removal on the Poor in Nigeria

Fuel subsidies have long been a subject of debate worldwide, and their removal can have significant effects, especially on economically vulnerable populations. The implications of...

Investors Rally Over AfDB $2bn Five Years Bond Issuance

African Development Bank (AfDB) has issued a five-year global benchmark bond to enable raise two billion dollars. The bond was issued on March 7, 2023,...

BREAKING: CBN Urge All Banks To Accept New And Old Naira Notes

Commercial banks have been directed by the Central Bank of Nigeria (CBN) to dispense old Naira notes and to also receive the same as...

Edo adopts action plan to boost investment inflow, deepen reforms

The Edo State Government has developed and ratified the State Business Enabling Reforms Action Plan (BERAP) 2023 to deepen reforms in the business environment...

Mavin Records Continues 10th Year Celebration As They Launch Merch Line, Culture Havyn, On Lemonwave

Mavin at 10 continues in style, literally, as Africa’s premier entertainment label announces the launch of a merch line- Culture Hayvn. This move is...

CBN Limits Cash Withdrawals To N100K, N500k a week and N200 Now Highest ATM Denomination

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals...

Obaseki reforms save EBS, as NBC revokes license of Lagos, Kaduna, 50 other broadcast stations

The ongoing revamp of the Edo State Broadcasting Service (EBS) by Governor Godwin Obaseki-led administration has saved the state-owned broadcasting station from the hammer...

Nigerian govt approves JP Morgan, Citigroup, Standard Chartered, others as transaction advisers for $6.2bn Eurobond issuance

Nigeria’s federal government, says it has appointed Transaction Advisers for a $6.2 billion Eurobond Issuance set for part-funding of its estimated N5.2 trillion deficit...

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