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Business

SEC To Issue Capital Market Framework On Banks Recapitalisation Soon –Ag. DG

The Securities and exchange Commission has said that it will soon issue a framework that will guide the capital market in the proposed recapitalisation...

Business

Nigeria’s Economy Is Crashing, CBN Should Stop Interest Rate Hike- Uwaleke

The President of the Association of Capital Market Academics of Nigeria, Professor Uche Uwaleke has said the aggressive hike in the monetary policy rate...

Business

Nigeria’s Real GDP Grew By 2.98% Amidst Monetary Policy Tightening

Nigeria’s Gross Domestic Product (GDP) grew by 2.98 per cent in real terms in the first quarter of 2024.The development is coming amidst the...

Business

CBN Ignored Our Inputs During Issuance Of New Regulatory Framework For BDCs- ABCON

Foreign Exchange traders in Nigeria have accused the Central Bank of Nigeria of ignoring their inputs before releasing the final ‘Regulatory and Supervisory Guidelines...

Business

CBN Withdraws All BDC Licenses, Gives 6 Months Deadline To Recapitalise With N2bn

The Central Bank of Nigeria has withdrawn all Bureau de Change licences as it orders forex traders to reapply for fresh permits.The operators are...

Business

Bank Customers To Begin Payment Of 0.5% Cybersecurity Levy On Electronic Transfer In Two Weeks

Within the next two weeks, bank customers will begin the payment of 0.5 per cent cybersecurity levy on all electronic transfer.The move is sequel...

Business

Why We Are Not Paying Attention To Unemployment- CBN

The Central Bank of Nigeria said it is paying less attention to policies that will trigger employment opportunities because of inflation.The Acting Director, of...

Business

UBA, Fidelity, FBNH, Seven Other Banks May Lose N1.67tn As Auditors Raise Concern Over Credit Quality

The credit risk exposure of Nigerian banks is on the surge as their loan loss provisions accelerated by 129.8 per cent at the end...

Business

‘Nigeria’s Currency Very Volatile’— Former CIBN Boss Explains Why Prices Of Goods Are Still High

A former President of the Chartered Institute of Bankers of Nigeria, Prof. Segun Ajibola, has said that the economic team needs to aggressively address...

Business

Dollar May Sell Below N1,000 As CBN Releases Fresh Forex To BDCs

The Naira may sell below N1000 as the Central Bank of Nigeria has communicated to Bureau de Change Operators about releasing another tranche of...

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