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…
Continue ReadingFG 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%…
Continue ReadingDetained Binance executive escapes from custody, flees Nigeria
Nadeem Anjarwalla, one of the executives from Binance detained in Nigeria on allegations of tax evasion and other…
Continue ReadingNaira hits two-month high of N1,382 on CBN’s FX reforms
Nigeria’s naira rose to a two-month high of N1,382.35 per dollar on Thursday at the official foreign…
Continue ReadingAccess Bank Targets 100% Ownership Acquisition Of National Bank Of Kenya
Access Bank Plc and KCB Group Plc (KCB) have signed a binding agreement to acquire 100…
Continue ReadingNaira loses 1.82% despite steady rise in dollar supply
Naira depreciated against the dollar, losing 1.82 percent of its value despite rising liquidity in the official…
Continue ReadingInflation: CBN increases PVS limit from 2.5% to 15%
The Central Bank of Nigeria, CBN, has announced an upward review of the Price Verification System,…
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