The Central Bank of Nigeria (CBN) has reaffirmed its commitment to providing liquidity in the foreign exchange market by reintroducing the Retail Dutc
Read MoreBy Barnabas Esiet. The Central Bank of Nigeria (CBN) has announced its approval of a significant financial accommodation to support the proposed me
Read MoreBy Barnabas Esiet. The Central Bank of Nigeria (CBN) has initiated regular foreign exchange sales through authorized dealer banks and licensed Bure
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BusinessEconomyNews
Capital Raise: GTCO Offers 9 Billion Shares at ₦44.50 Each, Envisions One Billion Dollar Profit
By Barnabas Esiet. Guaranty Trust Holding Company (GTCO), one of Nigeria's largest lenders, is raising ₦400 billion in capital through a public off
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BusinessEconomyNews
CBN Scrutinises BDCs Operators, Disallows Commercial Banks, Public Officers and Others from Ownership
The Central Bank of Nigeria (CBN) is cracking down on Bureau De Change operators, making it clear that commercial banks, public officers, and various
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BusinessEconomyNews
Nigeria’s Central Bank Grants Licenses to 14 New IMTOs to Boost Diaspora Remittances
By Barnabas Esiet. The Central Bank of Nigeria (CBN) announced this week that it has granted Approval-in-Principle (AIP) to 14 new International Mo
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The central bank of Nigeria (CBN) has unveiled a programme of events to commemorate the first anniversary of the launch of Africa’s first Central Bank
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By Harris Emanuel. The Correspondents' Chapel of the Nigeria Union of Journalists, Akwa Ibom State Council has observed that the monetary policies
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Deposit Money Banks (DMBs) borrowings from the Central Bank of Nigeria (CBN), through its overnight lending window, from June to August 2022, is value
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