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CBN extends deadline for dollar for naira promo

Nigeria, May 6 -- The Central Bank of Nigeria has extended the deadline for its Naira 4 Dollar Scheme indefinitely. The bank announced this Wednesday through a statement it issued to all deposit mone... Read More


First Bank reacts to CBN's sacking of its board

Nigeria, April 30 -- The management of FBN Holdings PLC, the parent company of First Bank, says the holding company and the bank will cooperate with the new directive from the Central Bank of Nigeria.... Read More


Five African countries beat Nigeria in tech ecosystem ranking

Nigeria, April 20 -- Despite the growth recorded by its startup ecosystem, five African countries performed better than Nigeria in a tech ecosystem of the future ranking report released Monday. The r... Read More


EFCC moves to check fraud in real estate sector

Nigeria, April 14 -- The Economic and Financial Crimes Commission (EFCC) has made it compulsory for players in the real estate sector to be registered under Real Estate Developers Association (REDAN).... Read More


Microfinance banks seek extension of recapitalisation deadline

Nigeria, April 7 -- Microfinance banks in Nigeria will not be able to meet up with recapitalisation requirement of the Central Bank of Nigeria, within the proposed time, because of the effect of the c... Read More


FG launches export grants portal

Nigeria, March 29 -- The federal government on Monday launched the Export Expansion Facility Programme, an online grant portal, and flagged off the Export Development Fund. The EEFP aims to protect e... Read More


Seven Nigerian states yet to enact contributory pension laws

Nigeria, March 25 -- Seven states in Nigeria were yet to enact contributory pension laws as of December 2020, the National Pension Commission (PenCom) has said in a report. The Contributory Pension S... Read More


BREAKING: Nigeria's CBN retains lending rate despite high inflation

Nigeria, March 23 -- The Central Bank of Nigeria has retained the policy rate at 11.5 per cent despite the country's three-year high inflation, a decision it said sought to ensure a balance between th... Read More


GTB plans to acquire Kenyan bank

Nigeria, March 23 -- The management of Guaranty Trust Bank is making plans to acquire a Kenyan lender. The bank's managing director, Segun Agbaje, disclosed this at an investor call in Lagos, Bloombe... Read More


UPDATED: Nigeria's CBN retains benchmark lending rate amid high inflation

Nigeria, March 23 -- The Central Bank of Nigeria has retained the policy rate at 11.5 per cent despite the country's three-year high inflation, a decision it said sought to ensure a balance between th... Read More