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The Speaker recalled that certain resolutions that included the sale of aviation fuel at N500 per litre and the granting of aviation fuel import...
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The Speaker recalled that certain resolutions that included the sale of aviation fuel at N500 per litre and the granting of aviation fuel import...
source Nigerian banks are dealing with rising costs threatening their bottom lines, such as higher taxes and more regulatory fees in H1’2022. The prior...
Rising interest rates cause inflation, and this is basically an economic phenomenon. But what does it mean for the economy? Inflationary pressures are likely...
According to Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), the Central Bank of Nigeria’s (CBN) foreign exchange...
source Nigeria’s money supply has reached N49.3 trillion, its highest level in history, but the Central Bank of Nigeria has not raised interest rates...
source During the first half of 2022, 12 Nigerian banks listed on the Nigerian Exchange (NGX) paid N62.41 billion in deposit insurance premiums to...
Forex traders said the fall is because of the sustained scarcity of the dollar.
Contrastingly, the naira fell further against the US dollar on Wednesday morning.
The figure rose by 16 per cent from N2.79 trillion in April 2021 to N3.25 trillion.
This is according to data from the money and credit report of the CBN.