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Abike Dabiri denies owing Diamond Bank N122m
The former Chairman, House of Representatives Committee on the Diaspora, Mrs. Abike Dabiri-Erewa has refuted report in a newspaper (not Daily Sun) that she was one of the delinquent debtors owin...
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Ban on Foreign Cash Deposits Creates Four Forex Market Segments
Managing Director, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane We can meet all legitimate forex requests, CBN insists GTBank reduces naira Mastercard limit to $300 daily Obinna...
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Nigeria economy: National interest and ‘Investors’
Ever since the Central Bank of Nigeria (CBN) initiated some monetary measures at repositioning the economy, a bizarre drama has been unfolding. Worrisome to every patriotic Nigerian is the unabated...
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CBN Injects N338bn in 27 States to Stimulate Economy
In line with the federal government’s resolve to reflate economic activities in the country, the Central Bank of Nigeria (CBN) will this week continue the disbursement of its special intervention fund...
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Central Bank injects N338 billion into 27 states to stimulate economy
In line with the federal government’s resolve to reflate economic activities in the country, the Central Bank of Nigeria (CBN) will this week continue the disbursement of its special intervention fund...
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NNPC to use drones to end oil thefts within eight months
Nigeria has announced it will deploy drones to curb oil thefts in the country. The announcement was made by Emmanuel Ibe Kachikwu, the newly appointed chief of state-run oil company Nigerian National...
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Treasury Single Account, Buhari gives Sept 15 deadline
President Muhammadu Buhari has given all ministries, departments and agencies (MDAs) of the Federal Government a marching order to comply with the instructions on the Treasury Single Account (TSA) by...
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JP Morgan: Foreign investors to dump Nigeria
The decision of JP Morgan to delist Nigeria from its Government Bond Index (GBI-EM) by the end of October may deal a big blow to the economy as its ripples effect will weigh down the foreign reserves,...
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BVN registration hits 20m
There were indications that the Biometric Verification Number (BVN) project has recorded a 20-million mark, with about 47 days left to the second deadline of October 31. Besides, three of the four...
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JP Morgan and FG’s Bonds
The Central Bank of Nigeria (CBN) has assured stakeholders in the economy not to panic in the wake of JP Morgan’s delisting of Federal Government (FG) bonds as the banking system in the country is...
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Buhari calls JP Morgan’s bluff, says no to Naira devaluation
President Muhammadu Buhari has ruled out possible devaluation of the naira in the near term, putting paid to speculations of an imminent relaxation of the current foreign exchange rule by the Central...
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CBN Cuts CRR to 25%, Holds Benchmark Rate at 13%
Concerned by the seeming shortage of cash in the banking system as well as the fragile macroeconomic environment, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) on Tuesday reduced...
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