The gross balance in the external reserves reduced to $38.045 billion as data showed that the Central Bank of Nigeria (CBN) defended…
Category:
Finance
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Nigeria’s petrol import bill fell sharply in the first quarter of 2025, dropping to N1.76 trillion from N3.81 trillion recorded in the…
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Finance
Youth-led industrialization key to job creation, hints at launching Impact Fund, Youth Bank–Olusi
The Managing Director and CEO of the Bank of Industry (BoI) Limited, Dr. Olasupo Olusi has said Youth-led industrialization, powered by innovation…
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In 2024, five Nigerian banks generated a combined N1.695 trillion in pre-tax profit from their foreign subsidiaries, which accounted for 33.5% of…
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Zenith Bank Plc has been named “Best Bank in Nigeria” in the Global Finance Best Banks Awards 2025, winning the award for…
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The Debt Management Office (DMO), on behalf of the federal government, has offered two savings bonds for subscription at N1,000 per unit.…
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Fitch Ratings has affirmed Nigeria-based Bank of Industry Limited’s (BOI) credit or Long-Term Issuer Default Rating (IDR) at ‘B’ and its National…
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African Development Bank will launch a carbon markets support facility for the continent, senior bank officials said on Thursday, to unlock finance…
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Ecobank, has been named Best Bank in Africa 2025 in Global Finance’s World’s Best Banks 2025 Awards. The Awards also selected Ecobank…
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National Insurance Commission (NAICOM) has championed an engagement between stakeholders in the Nigerian insurance and marine industries with the Ghana Cargo Technical…
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Finance
Nigerian banks face 12-month deadline as CBN unveils AI-driven anti-money laundering standards
Central Bank of Nigeria (CBN) has issued a draft framework aimed at overhauling anti-money laundering (AML) practices across the country’s financial sector.…
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Governor Central Bank of Nigeria, Olayemi Cardoso addressing a press conference post MPC meeting in Abuja said that the apex bank voted…
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Investment, CSL Stockbrokers Limited, has said that the United States plan to apply tax to remittances could weaken Nigeria’s FX inflows if…
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MTN Nigeria and the Chartered Institute of Taxation of Nigeria have canvassed urgent tax reforms to boost national development. They made the…
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Executive secretary of the UN Economic Commission for Africa, Claver Gatete, says Africa’s public debt crisis is a deeper development crisis requiring…