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Naira Weakened to 770.38/$ at Official Market

The Nigerian naira experienced a further decline against the US dollar, closing at 770.38/$ at the end of trading on the investor and exporter...

Naira Falls To N770/Dollar At Official Market

The Naira on Monday, June 19, closed at N770 per dollar at the investors and exporters (I&E) window.FMDQ Securities Exchange Limited said Monday's closing...

CBN Directs Banks to Grant Free Access to Domiciliary Account Funds

The Central Bank of Nigeria (CBN) has issued a directive to banks, instructing them to allow customers unrestricted access to funds in their domiciliary...

CBN Lifts Restrictions On Domiciliary Account Transactions

The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts.In a statement by the CBN on Sunday, the new regulation allowed...

Manufacturers in Nigeria Experience Annual Loss of N10.1tn due to Power Crisis

The Manufacturers Association of Nigeria (MAN) has revealed that the country's persistent electricity shortage poses a significant obstacle to the profitability of manufacturers, resulting...

Nigeria’s Inflation Rate Hits 22.41% As Price Of Goods Increase

Nigeria's inflation has risen to 22.41%, a new record high of close to two decades.A report released by the National Bureau of Statistics on...

NCC targets 27 million Nigerians without telecom access

The Nigerian Communications Commission (NCC) has announced its commitment to expanding telecommunication services to the 27 million Nigerians currently without access to telecoms. Through...

Sanlam partners with aYo Holdings to transform insurance in Nigeria.

Sanlam, a global insurer, has formed a partnership with microinsurance fintech company, aYo Holdings, to revolutionize the insurance sector in Nigeria. The collaboration aims...

Putin Set To Meet African Leaders To Discuss Russia-Ukraine Grain Deal

Russian President, Vladimir Putin is scheduled to meet with leaders of African countries on Saturday, June 17 in St Petersburg, according to presidential aide...

Six key facts about Mohammed Umar Abba, the acting Chairman of the EFCC:

1. Mohammed Umar Abba was born on June 22, 1965, in Tudunwada Local Government Area of Kano State. 2. Abba obtained his first degree from...

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