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Economy

Nigeria’s External Reserves Record 7% Increase In 3 Weeks

After Nigeria’s external reserves went on a downward slide last year losing $11.75 billion within a space of 10 months, the reserve received a...

Business

FX: Emefiele Warns, Patronizing Black Market Overheats the Market

Amid growing demands for Foreign Exchange occasioned by inadequate supply which has seen importers with outstanding obligations storming the black market for foreign exchange,...

Banking

Pandemic: CBN Asks Banks To Recalibrate Business Models

The Central Bank of Nigeria (CBN) has tasked banks operating in the country to develop new business models and tinker with existing ones so...

Business

FX Repatriation: CBN Governor, Emefiele Allays Foreign Investors Fears

The Central Bank of Nigeria (CBN) has assured foreign investors that repatriating their funds from the country is secured despite forex related revenue shortages...

Business

As New Tariff Comes into Effect July, Stakeholder Assures Nigerians of Improved Power Supply

Nigeria Targets Cost Reflective Tariff By 2021 Ahead of the July 1st, 2020 when a new electricity tariff will come into effect, a critical...

Banking

CBN, Bankers C’ttee Block Access Bank, Others from Sacking Workers

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) The Central Bank of Nigeria (CBN) has blocked Access Bank and other banks across...

Banking

Unlocking The Lockdown: CBN Writes All Banks, Lifts Suspension of Cheque Clearing

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Following President Muhammadu’s Buhari’s dramatic move to re-open the Nigerian economy that has been...

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