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REVEALED: How UK receives $90 Billion stolen money every year REVEALED: How UK receives $90 Billion stolen money every year

British illicit asset investigators, Christian Erikson and Lionel Faull, claim not less than $90bn stolen money finds its way into th...

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CBN opposes MTN over mobile banking transaction access CBN opposes MTN over mobile banking transaction access

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Un...

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REVEALED: Seven Nigerian banks fail CBN test REVEALED: Seven Nigerian banks fail CBN test

The funding positions of seven commercial banks are inadequate, the result of Central Bank of Nigeria (CBN) stress test released on Thurs...

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N98.82m fake banknotes detected in 2018 —CBN N98.82m fake banknotes detected in 2018 —CBN

The Central Bank of Nigeria on Wednesday said a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82m was recorded...

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FG may revoke Abuja, Ikeja, six Discos’ licences FG may revoke Abuja, Ikeja, six Discos’ licences

The Federal Government may cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electr...

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We will soon begin payment of ₦30,000 minimum wage - Ekiti governor We will soon begin payment of ₦30,000 minimum wage - Ekiti governor

Ekiti State Governor, Dr Kayode Fayemi, said on Saturday that workers in Ekiti State would begin to receive the N30,000 minimum wage fro...

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PayPal abandons Facebook-backed Libra cryptocurrency group PayPal abandons Facebook-backed Libra cryptocurrency group

Pioneering digital payments firm PayPal on Friday said it will no longer be part of an alliance intended to oversee the Facebook-backed L...

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Why digitisation is vital to banking in Nigeria – CBN Why digitisation is vital to banking in Nigeria – CBN

The Central Bank of Nigeria (CBN) has said that digitisation supports effective supervision of the financial system, data access and mana...

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CBN fines 12 banks N499bn for failing to give out 60% of their deposits as loans CBN fines 12 banks N499bn for failing to give out 60% of their deposits as loans

The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing to give out 60% of their deposits as loans....

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Nigeria makes World Bank’s list of top-20 “improvers in doing business” Nigeria makes World Bank’s list of top-20 “improvers in doing business”

The World Bank Doing Business (DB) team has announced Nigeria as one of the top-20 improvers in doing business out of 190 countries. Dr...

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Nigeria loses slot in Africa’s aviation body Nigeria loses slot in Africa’s aviation body

Intrigues among officials of the Ministry of Aviation and the Nigeria Civil Aviation Authority (NCAA) have denied Nigeria the chance to h...

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Court set to issue warrant arrest against Access Bank MD Court set to issue warrant arrest against Access Bank MD

Justice Hakeem Oshodi of Lagos State High Court, Ikeja division said on Monday that a bench warrant would be issued for arrest of Mr H...

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Nigeria’s inflation rate drops by 0.06 per cent Nigeria’s inflation rate drops by 0.06 per cent

The consumer price index, (CPI) which measures inflation increased by 11.02 percent (year-on-year) in August 2019. This is 0.06 percent p...

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World Bank to invest $350m in Nigeria – Minister World Bank to invest $350m in Nigeria – Minister

Federal Government says World Bank will invest 350 million dollars to support the Partnership of Expanded Water, Sanitation and Hygiene (...

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CBN moves to sanction banks for e-payment breach CBN moves to sanction banks for e-payment breach

Bank chiefs who breach Central Bank of Nigeria’s (CBNs) e-payment reporting rules, including using unapproved third party end-to-end paym...

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Nigerians excited as Apple unveils iPhone 11 Nigerians excited as Apple unveils iPhone 11

Nigerians have taken to social media to express their excitement as mobile phone giants, Apple unveiled its iPhone 11 models Tuesday wi...

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FG to Borrow N1.003trn from T-Bills Investors in Q4’19 FG to Borrow N1.003trn from T-Bills Investors in Q4’19

The federal government, through the Central Bank of Nigeria (CBN), is looking to borrow the sum of N1.003 trillion from investors in the ...

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Xenophobia: Value of MTN’s shares down by N30.5bn on NSE Xenophobia: Value of MTN’s shares down by N30.5bn on NSE

The market capitalisation of shares belonging to MTN Nigeria on the Nigerian Stock Exchange dropped by N30.5 billion at the end of the...

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External reserves sink to five-month low of $43.67bn External reserves sink to five-month low of $43.67bn

The nation’s foreign exchange reserves have dropped to a five-month low of $43.67bn, losing $1.23bn in 29 days, latest data obtained from...

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How to protect yourself against bank robbery How to protect yourself against bank robbery

If you are ever in the bank when there is a bank robbery, you need to know how to handle yourself. Here are a few simple tips from thebal...

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