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CBN threatens the BDC operators as Naira collapse against the US Dollar, now 900/$

After the naira tumbled against the United States dollar at the parallel market on Wednesday, closing at N900 to a dollar, the...

CBN Restricts diaspora remittances, clamps down on speculators due to Naira slump

The Nigerian Naira experience turbulence in recent time at the parallel market. Intervention measures aimed at clamping down on currency speculators in...

Naira continue to loose strength as dollar shortage hits banks

Shortage of the US Dollars in the Nigeria's commercial banking system has led to the wide margin in the exchange of the...

Financial statements of seven years was released by the CBN amid investigation

The Consolidated Financial Statements for the last seven years, released by the Central Bank of Nigeria is making it the first time...

Osinbajo Decries Lack of Synergy in Fiscal, Monetary Policies

Lack of synergy between fiscal and monetary policies is the major cause of unnecessary drawbacks in the nation’s economic performance and planning,...

UBA’s gross earnings hit N660.2bn, total assets grow to unprecedented N8.5 trn in 2021 – Uzoka

Africa’s global bank, the United Bank for Africa (UBA) Plc, says investors of the bank will enjoy huge financial benefits and dividends...

CBN stops forex sales to Bureau De Change operators, retains lending rate

The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate...

CBN freezes another 194 accounts of firms, BDCs, others

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank...

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