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CBN says no evidence FG received N6.7bn subsidy payments

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|Date: August 12, 2022
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CBN says no evidence FG received N6.7bn subsidy payments

The Central Bank of Nigeria (CBN) has revealed that the Federal Government's allegation that it received ...

The Central Bank of Nigeria (CBN) has revealed that the Federal Government's allegation that it received N6.7 trillion in fuel subsidies is not supported by any papers. Godwin Emefiele, the CBN govern ...

August 12, 2022
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EFCC moves to check Naira volatility, clamps down on BDC operators

Posted by 1st news
|Date: August 06, 2022
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EFCC moves to check Naira volatility, clamps down on BDC operators

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has met with represen ...

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has met with representatives of Bureau de Change Operators in Abuja as part of efforts to check speculation in forei ...

August 06, 2022
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Increase in lending rate by CBN will harm economy, MAN warns

Posted by Chuks Ofurum
|Date: July 30, 2022
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Increase in lending rate by CBN will harm economy, MAN warns

The Manufacturers Association of Nigeria (MAN) has warned that the recent increase in base lending rate b ...

The Manufacturers Association of Nigeria (MAN) has warned that the recent increase in base lending rate by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) will trigger higher prices ...

July 30, 2022
| by Chuks Ofurum

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Anambra Assembly approves Soludo’s N100bn loan request for infrastructure development

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|Date: July 21, 2022
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Anambra Assembly approves Soludo’s N100bn loan request for infrastructure development

The Anambra State House of Assembly has approved Gov. Charles Soludo’s request to access loan facilities ...

The Anambra State House of Assembly has approved Gov. Charles Soludo’s request to access loan facilities worth N100 billion from the Central Bank of Nigeria (CBN), for infrastructure development. The ...

July 21, 2022
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Breadmakers go on strike

Posted by Nnamdi Anyanwu
|Date: July 21, 2022
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Breadmakers go on strike

The Premium Breadmakers Association of Nigeria (PBAN), which represents breadmakers, has started a four-d ...

The Premium Breadmakers Association of Nigeria (PBAN), which represents breadmakers, has started a four-day warning strike. This strike begins from Thursday July 21, 2022. This is over the escalating ...

July 21, 2022
| by Nnamdi Anyanwu

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Outcry as CBN raises interest rate

Posted by Chuks Ofurum
|Date: July 20, 2022
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Outcry as CBN raises interest rate

The Monetary Policy Committee of the Central Bank of Nigeria, CBN on Tuesday again raised the Monetary Po ...

The Monetary Policy Committee of the Central Bank of Nigeria, CBN on Tuesday again raised the Monetary Policy Rate from 13 per cent to 14 per cent. This came barely two months after the MPC, du ...

July 20, 2022
| by Chuks Ofurum

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CBN raises lending rate to 14 percent, cites inflation

Posted by 1st news
|Date: July 19, 2022
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CBN raises lending rate to 14 percent, cites inflation

The Central Bank of Nigeria (CBN) has raised its benchmark lending rate to 14.0% from 13.0%. The CBN Gove ...

The Central Bank of Nigeria (CBN) has raised its benchmark lending rate to 14.0% from 13.0%. The CBN Governor, Godwin Emefiele disclosed on Tuesday, July 19, 2022; noting that inflation had continued ...

July 19, 2022
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CBN reveals why manufacturing sector is sliding down

Posted by Chuks Ofurum
|Date: July 13, 2022
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CBN reveals why manufacturing sector is sliding down

The manufacturing sector contracted for the second time in April, according to figures obtained from the ...

The manufacturing sector contracted for the second time in April, according to figures obtained from the Central Bank of Nigeria, CBN. Reports released by the CBN said the Deputy Governo ...

July 13, 2022
| by Chuks Ofurum

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CBN charges financial institutions over strengthening of cybersecurity

Posted by 1st news
|Date: July 04, 2022
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CBN charges financial institutions over strengthening of cybersecurity

The Central Bank of Nigeria (CBN), has released a new framework to check cybersecurity in Other Financial ...

The Central Bank of Nigeria (CBN), has released a new framework to check cybersecurity in Other Financial Institutions (OFIs). This is contained in a statement issued by the Director, OFIs, CBN, Nkiru ...

July 04, 2022
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World Bank reveals Nigerians with bank accounts soared to 45 per cent in 2021

Posted by 1st news
|Date: July 04, 2022
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World Bank reveals Nigerians with bank accounts soared to 45 per cent in 2021

According to the World Bank, the proportion of Nigerians with accounts at regulated institutions—such as ...

According to the World Bank, the proportion of Nigerians with accounts at regulated institutions—such as banks, credit unions, microfinance organizations, post offices, or mobile money service provide ...

July 04, 2022
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