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Tuesday, June 22, 2021
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    Experts fear inflation as CBN further devalues naira to 410.25/$

    The Central Bank of Nigeria officially devalued the naira to 410.25/$ after the country’s currency defied all interventions to retain its value. However, experts have said that the last resort employed by the CBN to adopt the NAFEX Investor &...

    External Reserves Lost $350m In Two Weeks, Says CBN

    External Reserves Lost $350m In Two Weeks, Says CBN The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank of Nigeria...

    New Boko Haram in Nigeria, planning to bomb CBN, NNPC, NASS – Primate Ayodele

    New Boko Haram in Nigeria, planning to bomb CBN, NNPC, NASS – Primate Ayodele The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has put President Muhammadu Buhari and the service chiefs on alert, claiming that God spoke to...

    CBN Faults First Bank For Appointing New MD Without Consultation

    The Central Bank of Nigeria (CBN) has questioned the decision of First Bank to make new board appointments which includes Gbenga Shobo as Managing Director without due regulatory consultation. Yans had reported on Wednesday that the Board of Directors of...

    Week in review: ‘Naira 4 Dollar’ & oil in focus

    It was a week defined by fluctuating bond yields, easing inflation fears, monetary bazookas, and US stimulus hopes. For Nigeria, the spotlight was on the ‘Naira 4 Dollar’ scheme introduced by the Central Bank of Nigeria (CBN) in a bid...

    BREAKING: Reps Ask CBN To Suspend Charges On Cash-based Transactions

    The House of Representatives have asked the Central Bank of Nigeria (CBN) to halt the planned cashless policy which mandates financial institutions to levy charges on cash-based transactions. The call for the suspension was contained in a motion unanimously adopted...

    Customers To Pay More For PoS Transactions

    BANK customers are to pay more for Point of Sale (PoS) transactions. This follows a Central Bank of Nigeria’s directive to banks to charge N50 Stamp Duty on individual transactions. The directive on the Unbundling of Merchant Settlement Amounts was...

    CBN Imposes Charges On Transactions Above N500,000

    The Central Bank of Nigeria, CBN, on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that...
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    Latest News

    Inflation: Nigerians Groan As Hardship Bites

    As double-digit inflation persists in the country, Nigerians, especially the middle class, have called for immediate remedies, lamenting that...
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