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Akin Akinremi

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Foreign Reserves Hit $26.9bn, as Value of Open Contracts Rises

Nigeria's foreign exchange reserves increased week-on-week by 2.51 per cent to USD26.88billion, according to latest update from the Central Bank of Nigeria, CBN. The...

Inflation rises to 18.55 Percent

  Inflation rose by 18.55 per cent in December 2016, 0.07 per cent points higher from the 18.48 per cent recorded in November. Recent report...

CBN to BDCs: We Won’t Devalue Naira

  The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators in the country that it does not intend to devalue the...

Heritage Bank Moves to Deepen Support to Agric Value Chain

  Heritage Bank Plc has disclosed plans to revolutionise the agricultural value-chain field, particularly the rice farming that will enhance agribusiness and aid economic development...

Development Bank of Nigeria (DBN) set to take off with N1.3bn...

*As FG seeks licence from CBN The Federal Government has equally applied to the Central Bank of Nigeria for the issuance of an operational licence...

SEC warns investors on Bitcoin Investment

  The Securities and Exchange Commission (SEC) has warned investing public to exercise extreme caution with regard to Bitcoin, crypto currencie and, other online currencies...

CBN dismisses corruption allegation by Wailers, vows not to succumb to...

  The Central Bank of Nigeria (CBN)  dismissed allegation of corruption against it by a little known group, known as  the Nigerian Wailers. The group had...

Africa Finance Corp plans maiden sukuk soon

   Africa Finance Corp (AFC), a pan-African multilateral institution based in Nigeria, is likely to make a debut U.S. dollar sukuk issue by early February,...

Nigeria to raise 130 bn naira bonds on Jan. 18 –...

  Nigeria plans to auction 130 billion naira ($426 million) in local currency-denominated bonds on Jan. 18, its first debt sale this year, the Debt...

BDCs seek single market driven forex rate

  Instituting a single market driven foreign exchange (forex) rate has been identified as a major step to stabilising the value of the Naira against...
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