Airtel Africa, Nigeria’s second largest telecoms company has reported significant financial setbacks due to currency devaluations…
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CBN imposes 0.5% Cybersecurity Levy on electronic transfers
In two weeks time, banks in the country will start charging a 0.5 percent cybersecurity levy…
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Naira Depreciates To ₦1,365/$ In Parallel Market
The Nigerian currency, the Naira, experienced a significant depreciation yesterday, dropping to ₦1,365 per dollar in the…
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CEO of Nigerian exchange Patricia debunks rumors of company’s shutdown
Fejiro Hanu, CEO of Nigerian crypto exchange platform Patricia, recently took to his X account to refute rumors…
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Shareholders approve NGX’s proposed N10 billion capital raise
Shareholders of Nigerian Exchange Group (NGX) Plc have given their approval for the group’s initiative to…
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EXCLUSIVE: Why Naira depreciated by 23% in 4 days — Currency dealers, analysts
A surge in demand for dollars in the parallel market driven by banks and end-users combined…
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Federal Govt Launches Oil & Gas Fiscal Incentives, Targets $10bn Investment
In a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy,…
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Customs FX rate for import duties drops to N1238/$
The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to…
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CBN raises capital base for mega banks to N500bn
Barely 48 hours after restating the need to increase the capital base of Deposit Money Banks…
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FG directs banks to deduct 0.375% stamp duty charges on all loans
The Federal Government has directed commercial banks in the country to henceforth deduct and remit 0.375%…
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