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Experts Applaud CBN Over Planned Recapitalisation of Banks
Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country.
43 Items Not Totally Banned, Clarifies Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria.
CBN Plans New Round of Recapitalisation for Banks
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
Short-Term Interest Rates Spike as Banks Take Excess Funds to CBN
Short-term benchmark interest rates rose to double-digit highs as the liquidity profile in the financial markets weakened further. There have been renewed pressures on liquidity in the financial system, worsened by debits for primary market auctions.
CBN Sells Nigerian Treasury Bills at Higher Rates
The Central Bank of Nigeria (CBN) adjusted spot rates on Treasury bills by 100 basis points at the just concluded primary market auction, according to the results.
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Golf: Ahube Emerges Winner of 2023 Nigeria Ladies Open
Nnenna Ahube, Lady Captain of the Bonny Island Golf Club (BIGC) has emerged as the winner of the 2023 Nigeria Ladies Open in Abuja.
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Stakeholders Seek Legislations Backing Women in Politics
Stakeholders have called for deliberate action towards increasing women’s participation in politics through the reintroduction of gender bills.
Customs Hands Over $54,330 Tramadol Bribe Money to EFCC
The Tincan Island Port (TCIP) command of the Nigeria Customs Service (NCS) has handed over 54,330 dollars of tramadol bribe money to the Economic and Financial Crimes Commission (EFCC).
Africa Needs to Integrate Regional Value Chains For Industrialisation Growth – – ECA
The Director of Macro Economic Policy Division, Economic Commission for Africa (ECA), Adams Elhiraika, says Africa needs to integrate to create regional value chains that support industrialisation.
$43.7bn trade, investment deals sealed at Cairo meeting —Afreximbank
Afreximbank says about 43.7 billion dollars’ worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt.