Business
IMF Warns Nigeria Against Launching Digital Currency
International Monetary Fund (IMF) has warned Nigeria and other countries on the danger of adopting crypto assets as a national...
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FG Cuts Domestic Base Price of Gas To $2.18
The Federal Government has announced immediate reduction in domestic base price of natural gas to power plant producers from $2.50...
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Nigeria’s Capital Importation Slips To $0.87bn in Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in...
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Naira Falls to N505/$1 as CBN Halts Forex Sales to BDC Operators
The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on...
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CBN Insists on Crypto Ban, Virtual Naira Almost Ready For Launch
The Nigerian apex bank reiterated it earlier stands against banks facilitating crypto transactions as e-Naira is set to launch in...
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CBN Halts Forex Sales To Bureau De Change Operators, Retains Lending Rate
The Central Bank of Nigeria has announced the stoppage of sales of forex to the Bureau De Change operators in...
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Nigeria’s Revenue Inflow Lowest Globally, World Bank Alarms
Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in...
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External Reserves Surge by $76.5bn in One Week
In an unsuspected twist, the country's depleting foreign exchange reserves gained an average of $76.5 million in seven days. The...
Read moreCBN Hails Nigerian Banks as Resilient, Holds MPC Meeting Today
Ahead of its Monetary Policy Committee (MPC) meeting holding today and tomorrow in Abuja, the Central Bank of Nigeria (CBN)...
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CBN to Launch Digital Currency October 1
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency by...
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