finance

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February 11, 2025
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ECONOMY, finance

CBN’s ATM Fee Overhaul: Rising Costs, New Charges, and Banking Sector Impact

As the Central Bank of Nigeria (CBN), has announced a review on the transaction fees for automated teller machines (ATMs), via a circular which was signed by John Onojah,...

December 3, 2024
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finance

Addressing The Alarming Surge in Financial Fraud in Nigeria

By Elvis Eromosele The financial sector is the backbone of any economy, driving transactions, investment, and growth. In Nigeria, the financial sector is under siege. The recent report from the...

May 16, 2024
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finance

World Bank blacklists 58 Nigerian companies, individuals over corruption

The world bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity...

May 15, 2024
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finance

Tax now highest revenue source to federation – FG

The Federal Government has charged tax practitioners to work harder in getting more revenue from taxes, stressing that tax revenue is currently the highest income source for the federation....

April 23, 2024
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finance

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities...

April 8, 2024
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finance

Nigeria’s stock exchange buys stake in Ethiopia’s first-ever bourse

The Nigerian Exchange Group (NGX) has acquired a stake in Ethiopia’s first-ever securities exchange for an undisclosed amount in a fundraising that has seen the Horn of Africa nation...

April 8, 2024
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finance

Foreign investors stage comeback to Nigeria, seeking high yields over interest rates

Foreign investors are staging a comeback for government securities following a hike in benchmark interest rates and reforms led by Nigeria’s Central Bank. Many of these investors have shown...