The World Bank has warned and described cryptocurrencies as “Ponzi schemes”. The warning is the the latest financial voice to raise questions about…
Category:
Finance
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Royal Dutch Shell and other world’s leading oil companies have published a bumper crop in profits last year as rising crude prices…
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Federal Government’s capital budget would be strictly deployed to fund infrastructural projects across the country, particularly the completion of ongoing projects,…
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The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $325.64…
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Nigeria importers and exporters now have a window to trade in Naira with British firms. This is because Britain’s export finance agency…
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The Federal Government has launched Voluntary Assets and Income Declaration Scheme (VAIDS) in Enugu with renewed commitment to clamp down on tax…
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In line with expectation, the bearish run of the equities market from the start of the week persisted as the All Share…
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Rabobank, a California unit of the Dutch cooperative bank, agreed on Wednesday to pay over $368 million for processing funds likely…
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Federal Government has re-appointed a consortium of banks Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its $2.5billion…
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Guaranty Trust Bank Plc, has launched the Dusty Manuscript Contest to give budding writers the opportunity to win publishing deals for…
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BusinessFinanceNews
CBN to bar exporters from access to forex market for non repatriation of proceeds
The Bankers’ Committee said that the Central Bank of Nigeria (CBN) will commence sanctioning exporters who fail to repatriate their export proceeds…
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The equities market closed southwards for the third consecutive trading day as the All Share Index (ASI) shed 77bps to settle at 43,538.16…
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Skye Bank has emerged the best performing stock in January, with a growth of 194 per cent in spite of not presenting…
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In line with its objectives to directly impact almost ten million lives through the National Social Investment Programmes (NSIP) a total of…
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The Nigerian Export-Import Bank (NEXIM) has called on export-oriented Small and Medium Entrepreneurs in the Southeast and Delta States to access the…