The number of commercial banks in Nigeria is set to reduce following the Central Bank of Nigeria drive to ensure banks meet its capital requirements before 2026.
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Nigerian bank invites students to apply for its scholarship, deadline nears
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CSO alleges NUPENG sabotaging Dangote Refinery, worsening hardship
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“Naira will sink”: Nigerians react after Bloomberg raises alarm over depleted external reserve
Nigerians are reacting to the sudden naira appreciation after Bloomberg's recent findings showed that Nigeria is depleting its foreign exchange reserves.
“Dollar is falling”: New exchange rate declared as CBN begins another round of sales to BDCs
Currency traders in Lagos, also known as bureau de change (BDC) operators, offered the purchasing rate of the US dollar at N1,110, and the selling price at N1,150.
Naira finally sells for N1,000/$ as BDCs set to get new dollars supply from CBN
The naira began the day at N1,130 to the dollar, but by lunchtime on Monday, it had appreciated in value, according to information gathered from currency dealers.
Dollar bows as naira stages remarkable recovery in both official and black markets
The naira registered an impressive surge in value on the official and unofficial markets as the Nigerian local currency appears to be making a comeback.
Naira becomes world’s best-performing currency, continues gain after 3 days to near N1,000/$1
A dollar sold for N1,125 on the streets or the black market on Friday, April 12, after a three-day holiday break, suggesting a slowing fall in demand.
Zenith Bank to transition into Holdco, announces plan to meet N500bn new capital
According to its recently released statement, Zenith Bank has declared a huge profit to the tune of N676 billion in 2023, from the N224 billion in the previous year
Lagos, Rivers lead top 10 Nigerian states with highest domestic debt
Many people avoid debt because they see it as a weapon that enslaves them to their creditors, but new research has shown that a small amount of debt can spur growth.
UK announces changes to minimum income requirement for Family visas for Nigerians, others
The United Kingdom government announced an increase in the minimum income requirement for family visas from 18,000 to 29.000 pounds per annum effective soon.
Donald Trump falls off billionaire ranking as net worth, company stock price nosedive
Donald Trump, the ex-president of the US, no longer holds a position on the Bloomberg Billionaires Index, a renowned roster of the wealthiest individuals globally.
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