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CBN Clears $400 Million FX Backlog Amid Rising External Reserves

In the wake of Nigeria's economic challenges and amidst efforts to stabilize its foreign exchange market, the Central Bank of Nigeria (CBN) has announced...

Nigeria Implements Restrictions on Cryptocurrency Websites Aims to Stabilize Naira

Nigeria, a nation grappling with the complexities of regulating digital assets, has plunged deeper into the cryptocurrency debate with a recent directive instructing telecommunications...

Nigeria’s Inflation Surges to 29.90% in January, Exacerbating Food Crisis

Nigeria, Africa's most populous nation, continues to struggle with soaring inflation rates as the latest figures released by the National Bureau of Statistics (NBS)...

Cardoso Led Central Bank of Nigeria Unveils Comprehensive Strategy to Tackle Inflation in 2024

In a highly anticipated keynote address at the launch of the Nigeria Economic Summit Group 2024 Economic Outlook report, Mr. Olayemi Cardoso, the Governor...

Dangote Cement Plc Sets New Record with N10.1 Trillion Equity Capitalization, Reflecting Soaring Investor Confidence

Dangote Cement Plc, a cornerstone of the Nigerian stock market, achieved an unprecedented milestone on Monday as its equities capitalization surged to an all-time...

Nigeria Unveils $3.1 Trillion Masterplan for Energy Transition: A Bold Leap Towards Sustainable Future

DAVOS, Switzerland — In a groundbreaking announcement at the 54th Annual Meeting of the World Economic Forum, Nigeria's Minister of State for Petroleum Resources...

Central Bank of Nigeria Appoints New Executives for Union, Keystone, and Polaris Banks Following Board Dissolution

In a surprising move, the Central Bank of Nigeria (CBN) has taken decisive action by dissolving the boards of Polaris, Union, and Keystone banks....

CBN Takes Decisive Action: Dissolves Boards of Union Bank, Keystone Bank, and Polaris Bank Over Regulatory Non-Compliance

In a significant move aimed at safeguarding the stability of the Nigerian financial system, the Central Bank of Nigeria (CBN) has announced the dissolution...

The Naira Faces Steepest Decline Since 1999 Democracy, Analysts Predict Further Depreciation in 2024

In a tumultuous economic landscape, Nigeria's currency, the naira, is heading towards its most significant decline since the return to democracy in 1999. Analysts...

House of Representatives Issues Strong Warning to POS Operators Over Naira Sales and Exorbitant Charges

In a significant move aimed at protecting the integrity of the nation's currency and ensuring fair financial practices, the House of Representatives on Thursday...

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