Banking

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IMF Boss Asks Nigeria To Increase Domestic Revenue

The International Monetary Fund (IMF) has urged Nigeria to tighten its monetary policies and strengthen non-oil revenue mobilisation efforts for a stronger economy. The IMF...

Nigeria May Slip To Another Recession, CBN Raises Alarm

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has expressed concern that Nigeria’s celebrated exit from recession may suffer a reversal...

Buhari, Osibanjo, Others Hail Jim Ovia At Launch Of Autobiography ‘Africa Rise And Shine’

To celebrate the life of Nigeria's foremost Banker, Jim Ovia, President Muhammadu Buhari and Vice President Yemi Osibanjo had heaped encomiums on the business...

Nigerian Banks Made N32.9 Trillion Transactions in Q2

The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the...

Record $91 Billion Entered Nigeria In 2017, Says CBN Report

The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared...

New Minimum Wage To Be Announced In August, Says TUC

The President of the Trade Union Congress of Nigeria (TUC), Mr Bobboi Kaigama, announced Wednesday that a new amount agreed on by the Federal...

Banks Restrict ATM Cash Withdrawal Overseas

Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts funded...

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