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3 New Articles
  • 10 hours ago Your frustration is just starting, Shettima blasts Baba-Ahmed
  • 11 hours ago IATA condemns proposed air travel tax, warns of fare hikes
  • 11 hours ago 1999 constitutional review: Regional leaders demand fairness, traditional ruler inclusion, security reforms
Home Business Banking & Finance (page 19)

Banking & Finance

CBN reveals new exchange rates for Pound, Euro as Naira plummets to 1,600/$

By Breezynews
20 August 2024
in :  Banking & Finance
0
35

The Central Bank of Nigeria (CBN) has announced revised foreign exchange rates, reflecting recent shifts in the value of the naira against major global currencies. According to updated data on the CBN’s website on Monday, the naira witnessed a slight decline in value against the pound sterling, settling at N2,035/£1, a marginal drop of N1.82 compared to Thursday’s rate of …

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How Emefiele spent N18b to print N1b notes – EFCC

By Breezynews
17 August 2024
in :  Banking & Finance
0
171

A fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed how a former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, allegedly orchestrated the printing of one billion pieces of N100 banknotes and the production of 5,000 pieces of acrylic blocks. According to an investigation by PREMIUM TIMES, the notes and acrylic blocks were …

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Gold hits record high, oil prices slide

By Breezynews
17 August 2024
in :  Banking & Finance
0
20

Gold hit a record high on Friday as global stock markets diverged, with profit-taking on Wall Street, while European and Asian markets gained on reassuring data about the health of the world’s biggest economy and likely US interest rate cuts. Expectations of United States interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset …

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Naira rises to 1,585/$ in parallel market

By Breezynews
16 August 2024
in :  Banking & Finance
0
45

The Naira yesterday appreciated to N1, 585 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,586.04 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,564.48 per dollar from N1,586.04 per dollar on Wednesday, indicating N21.56 …

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SEC pledges to address N215b unclaimed dividend

By Breezynews
16 August 2024
in :  Banking & Finance
0
32

The Securities and Exchange Commission (SEC) has vowed to ensure the settlement of unclaimed dividends, which stood at N215 billion as at March 2024. This is as the Commission said it has approved nine new issuances totaling N1.228 trillion as at August, 2024. The Director-General (DG) of SEC, Dr. Emomotimi Agama stated this during the Second Post CMC briefing held …

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Naira plummets to 1,590/$ in parallel market

By Breezynews
14 August 2024
in :  Banking & Finance
0
35

The Naira yesterday depreciated to N1,590 per dollar in the parallel market from N1,580 per dollar on Monday. Similarly, the Naira yesterday depreciated to N1,582.09 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,582.09 per dollar from N1,570.99 per dollar on Monday, indicating N11.1 depreciation …

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CBN re-introduces publication of key economic reports

By Breezynews
13 August 2024
in :  Banking & Finance
0
57

The Central Bank of Nigeria (CBN) says it has reintroduced the publication of several key economic reports to foster transparency in the economy. This is contained in a statement by the CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali on Tuesday in Abuja. Sidi-Ali said that it is a reaffirmation of the apex bank’s commitment to fostering transparency and …

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NDIC gives N5m each to defunct Heritage Bank customers

By Breezynews
11 August 2024
in :  Banking & Finance
0
44

The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent of the insured deposits still pending payment mainly belong to depositors with accounts that have Post-No Debits instructions or lack a Bank Verification Number. …

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FG repaying 69 loans obtained by ex-presidents, says World Bank

By Breezynews
10 August 2024
in :  Banking & Finance
0
365

The World Bank Group (WBG) Finances has revealed that the Federal Government is still repaying $10.6 billion in loans obtained under former Presidents Olusegun Obasanjo, late Umaru Musa Yaradua, and Goodluck Jonathan. In June 2024, the Debt Management Office said as of 31 March 2024, Nigeria’s domestic and external debts stood at N121.67 trillion ($91.46 billion). The domestic debt was …

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Naira rises, trades at 1,590/$ in parallel market

By Breezynews
9 August 2024
in :  Banking & Finance
0
35

The Naira yesterday appreciated to N1,590 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,596.52 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,593.62 per dollar from N1,596.52 per dollar on Wednesday, indicating N2.9 appreciation …

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