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 …
CBN
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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 …
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