Business
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Nigeria’s Foreign Exchange Inflows Reach $57 Billion by August 2024, Says CBN
Nigeria’s foreign exchange (FX) inflowsreached an impressive $57 billion by August 2024, according to a report from the Central Bank…
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FirstBank Clarifies Platform Upgrade, Assures Banking Services Will Not Be Affected
First Bank of Nigeria (FBN) has clarified that its upcoming platform upgrade is limited to its suppliers’ platform and will…
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CBN Debunks Claims of Phasing Out Old Naira Notes by December 2024
The Central Bank of Nigeria (CBN) has refuted reports suggesting that the old series of N200, N500, and N1,000banknotes will…
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IMF Clarifies It Did Not Push for Nigeria’s Fuel Subsidy Removal
The International Monetary Fund (IMF)has clarified that it was not responsible for Nigeria’s recent decision to remove fuel subsidies, a…
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IFC, CBN Partner to Boost Local Currency Financing
The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN)have entered…
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