GTB’s UK unit slammed £7.67m fine over ‘serious weaknesses’
The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited £7,671,800 for “serious weaknesses in its anti-money laundering
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Money
Naira ends weaker against dollar in first week of 2023
The Nigerian currency weakened further against the dollar in the official foreign exchange market this week, closing at N461.01/$ on
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Dangote’s net worth drops for first time in four years
The net worth of Aliko Dangote, Africa’s richest person, has dropped for the first time in four years, making him
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GTBank suspends use of naira card for international transactions
Guaranty Trust Bank Limited, one of the tier-one banks in Nigeria, announced on Thursday that it had suspended the use
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Naira posts big weekly loss against dollar
Nigeria’s currency, naira, lost 1.16 percent of its value against the dollar this week at the official spot market, data
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Naira devaluation inevitable in 2023: Top economist
The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist
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Increased FX turnover fails to lift naira, FMDQ data show
The naira weakened against the dollar this week despite the increase in the turnover in the foreign exchange market, data
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Naira redesign may weigh on economic activity – World Bank
The World Bank has said the redesign of Nigeria’s higher-value currency notes may have negative impacts on economic activity. The
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Naira extends fall against dollar as FX turnover dips 21%
The naira weakened further against the dollar as the turnover at the foreign exchange market fell by 21 percent this
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Naira extends decline, FX turnover up 25%: FMDQ
The naira weakened further this week at the Investors and Exporters window, even as the foreign exchange turnover rose by
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