Nigerian central bank orders closure of cryptocurrency accounts
The Central Bank of Nigeria has directed banks and other financial institutions in the country to close all cryptocurrency accounts
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Money
Naira weakens at I&E window as forex reserves shed $323m
The naira fell by 0.13 per cent on Wednesday to close at 395.50 against the dollar at the Investors’ and
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S&P Global affirms AfDB’s AAA rating with stable outlook
A ratings agency, S&P Global Ratings, has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank
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Ex-Guinness CEO, two others join FBN Holdings’ board
FBN Holdings Plc, the holding company of First Bank of Nigeria Limited, has announced the appointment of Mr Seni Adetu
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Fidelity Bank reports N30.21bn profit for 2020
Fidelity Bank Plc has reported a profit before tax of N30.21 billion for the 2020 financial year, slightly lower than
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Ecobank’s annual profit falls 58% amid COVID-19
Ecobank Group posted a decline of 58 percent in its profit before tax in 2020, compared to the previous year.
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Stanbic IBTC records 259% increase in annual profit
Stanbic IBTC Holdings Plc posted a profit before tax of N94.72 billion last year, compared to N26.37 billion in 2019.
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Sterling Bank posts 18% profit rise amid COVID-19
Sterling Bank Plc has reported an increase of 18.10 percent in its profit before tax for the 2020 financial year
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Naira falls to 480/$ despite rising forex reserves
The naira extended its decline on Tuesday, falling to 480 against the dollar at the parallel market, despite the rise
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Naira falls to 475/$1 as dollar shortage persists
The naira fell to 475 against the dollar at the parallel market on Monday, paring some of its recent gains,
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