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Cardoso mentions 'new sources' of Nigeria's inflation, urges fiscal authorities to act

Nigeria, May 3 -- The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called on the fiscal authorities to address new sources of inflation to complement the efforts of monetary poli... Read More


NDIC increases banks deposit insurance coverage

Nigeria, May 2 -- The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate eff... Read More


Journalists highlight gaps in Nigeria's digital infrastructure, proffer solutions

Nigeria, April 25 -- Journalists have identified gaps in Nigeria's Digital Public Infrastructure (DPI) and preferred some solutions to the problem. The gaps, among other things, exclude many Nigerian... Read More


CBN sells dollars to BDCs

Nigeria, April 24 -- The Central Bank of Nigeria on Tuesday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,021 per US dollar. This is the second time this month that... Read More


CAC revokes NIPOST subsidiaries' certificates

Nigeria, April 23 -- The Corporate Affairs Commission (CAC) has invalidated the incorporation certificates of two subsidiaries of the Nigerian Postal Service (NIPOST) due to irregular procurement prac... Read More


FCCPC summons owners of Chinese supermarket over discriminatory practices

Nigeria, April 23 -- The Federal Competition and Consumer Protection Commission (FCCPC) has summoned Cindy Bei, owner of an Abuja-Chinese supermarket accused of denying Nigerians entry into its premis... Read More


Nigeria eyes $2.25bn World Bank loan at 1% interest rate

Nigeria, April 22 -- Nigeria's Finance Minister, Wale Edun, has disclosed that the nation has qualified to process and secure a $2.25 billion loan from the World Bank. Mr Edun disclosed this during a... Read More


CBN reduces banks' LDR to 50%

Nigeria, April 18 -- The Central Bank of Nigeria (CBN) on Wednesday announced a reduction in the Loan-to-Deposit Ratio (LDR) of banks in the country to 50 per cent. The LDR is used to assess a bank's... Read More


Cardoso speaks on shift in Fx reserves, Naira defence

Nigeria, April 18 -- The Central Bank of Nigeria on Wednesday said the shift in Nigeria's foreign reserves has nothing to do with the apex bank's defence of the local currency. The CBN Governor, Olay... Read More


FG launches national single window project for enhanced trade efficiency

Nigeria, April 17 -- In a bid to revolutionise trade facilitation and boost economic growth, the federal government on Tuesday unveiled the National Single Window Project. Under this new structure, t... Read More