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Business
Angry staff shut down Heritage Bank Headquarters
Business activities at the headquarters of Heritage Bank on Victoria Island, Lagos, have been disrupted by…
Fresh $600m infused into Nigeria’s FX reserves amidst Naira appreciation
Olayemi Cardoso, the governor of the Central Bank of Nigeria, reports that Nigeria's foreign reserves have…
BDCs now purchasing dollars at N980: ABCON President
The Bureau De Change Operators (BDC) are purchasing dollars for N980/$ on the open market and selling them at…
BREAKING: NBS data shows Nigeria’s inflation rate rose to 33.20 in March
Nigeria's headline inflation rate rose from 31.70 percent in February 2024 to 33.20 percent in March 2024,…
NAFDAC places ban on sale of Dex Luxury soap in Nigeria
The sale of Dex Luxury bar soap in Nigeria has been prohibited, as declared by the National Agency for Food and…
Central Bank of Nigeria sacks 50 more employees
According to Daily Trust, the Central Bank of Nigeria (CBN) fired fifty more employees on Monday, adding to the…
Banks handed three-month deadline to stop forex-backed loans
With the release of a new circular on Monday, the Central Bank of Nigeria intensified its efforts to increase…
CBN suspends Naira loan collateral denominated in foreign currencies
The Nigerian Central Bank (CBN) has made it illegal for any bank in the country to accept foreign currency as…
CBN fires another 40 Staff in fresh shake off
In keeping with its continuous reorganization, the Central Bank of Nigeria (CBN) has dismissed a new group of 40…
BREAKING: Again, CBN sells $10,000 at N1,101/$ to BDCs
The selling of dollars to Bureau De Change operators has once again been confirmed by the Central Bank of Nigeria.…