The Central Bank of Nigeria (CBN) is expected to maintain a tight monetary policy stance in 2024 to curb inflation, which has been soaring to record levels in recent months.…
CBN
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The Central Bank of Nigeria (CBN) has issued a new directive that requires all bank customers to have their Bank Verification Numbers (BVN) and National Identity Numbers (NIN) linked to…
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Nigeria’s largest industrial conglomerate, Dangote Industries Limited (DIL), has announced that it has repatriated over $687 million from its pan-African operations to Nigeria, in addition to a $111 million cash…
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Banks in Nigeria have witnessed a significant surge in their borrowings from the Central Bank of Nigeria (CBN), particularly from the Standing Lending Facility (SLF). According to the latest data,…
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Nigeria’s naira, which has been fluctuating in the foreign exchange market, is expected to stabilise soon as the $3 billion loan secured by the government from the African Export-Import Bank…
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The Central Bank of Nigeria (CBN) on Monday has directed commercial banks not to use their foreign exchange revaluation gains for dividends or operational expenses. This was disclosed in a…