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Naira loses 10% value

    Naira loses 10% value

The naira volatility continued almost throughout last year in both the parallel and interbank markets. At the last trading day for the year last Thursday, the naira crashed further against

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Savings From TSA Hit Over N2 Trillion

    Savings From TSA Hit Over N2 Trillion

• CBN Governor Promises Robust Economy, Stable Currency In 2016 Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefeile, said savings from the Treasury Single Account (TSA) has hit

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Forex crisis hit Diamond Bank, stops use of Naira card in Dubai, China, others

    Forex crisis hit Diamond Bank, stops use of Naira card in Dubai, China, others

The current crisis in foreign exchange has taken toll on Diamond Bank. Indication of this became apparent as the bank just announced a new restriction on the Naira debit card.

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Naira strengthens against dollar

    Naira strengthens against dollar

After weeks of free fall at the parallel market, the naira strengthened against the dollar on Friday. The currency gained N10 to exchange at N270 to the dollar after it

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Stanbic IBTC appeals judgment on FRC matter

    Stanbic IBTC appeals judgment on FRC matter

Mr Justice Buba of the Federal High Court delivered an oral judgment dismissing the proceedings issued by Stanbic IBTC Holdings

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NUPENG accuses security operatives, others of aggravating fuel sacrcity

    NUPENG accuses security operatives, others of aggravating fuel sacrcity

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have accused security operatives manning filling stations across the country

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CBN to banks: fund SMEs or lose CRR refunds

    CBN to banks: fund SMEs or lose CRR refunds

Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday mandated commercial banks to lower their risk rating for Small and

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Naira slide continues as dollar hits N249 at parallel market

    Naira slide continues as dollar hits N249 at parallel market

The naira on Wednesday continued to depreciate at the parallel market as it exchanged for N249 to the dollar. The

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Remove oil subsidy now, World Bank tells Buhari

    Remove oil subsidy now, World Bank tells Buhari

Against the backdrop of the current fuel crisis across the country showing no sign of abating, the World Bank, yesterday,

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Oando Plc to raise N80bn from existing shareholders

    Oando Plc to raise N80bn from existing shareholders

Oando Plc board’s​plans to, once again, make the integrated energy and oil company profitable has received a boost, as shareholders

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