CBN to stop BDCs from selling FX to businesses, financing political parties
The Central Bank of Nigeria released on Friday a draft revised guidelines for Bureau de Change operations that include the
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Money
No plans to convert domiciliary account deposits to naira – CBN
The Central Bank of Nigeria has said there are no plans to convert deposits in domiciliary accounts to naira. The
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Infinity Trust Mortgage Bank posts 42% jump in profit
Infinity Trust Mortgage Bank posted a profit before tax of N1.21 billion for the 2023 financial year, compared to N847.11
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Fidelity Bank taps stock market to raise N32bn ahead of recapitalisation
Fidelity Bank Plc is seeking to raise up to N32 billion through rights issue ahead of the recapitalisation announced by
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Moody’s changes Nigerian banks’ rating outlook to positive
Moody’s Investors Service has affirmed the Caa1 long-term deposit ratings, long-term issuer ratings as well as the senior unsecured debt
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FCMB’s credit losses exceed profit, hit N57bn
FCMB Group Plc’s profit before tax for the first nine months of this year failed to keep pace with its
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Naira extends slide as FX market loses 13% of liquidity
The naira extended its decline against the dollar on the official market as liquidity was 13.37 percent lower last week,
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CBN’s poor communication harming credibility: Capital Economics
The Central Bank of Nigeria has not done a good job of communicating its plans and strategies, putting its credibility
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FX forwards contracts rise as naira falls further
With no end in sight to the depreciation of the naira against the dollar, there was an increase in foreign
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Naira hits fresh record low against dollar
The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to
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