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Will the Central Bank of Nigeria pull the rate cut trigger?

    Will the Central Bank of Nigeria pull the rate cut trigger?

As the coronavirus outbreak creates shockwaves across the globe, central banks and governments are enforcing emergency measures to defend their respective economies. It was only last week that the Central

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Coronavirus: NSE shuts trading floors, adopts remote trading

    Coronavirus: NSE shuts trading floors, adopts remote trading

The Nigerian Stock Exchange (NSE) says its trading floors would be closed temporarily from Tuesday, March 24. In a statement released on Monday, Oscar Onyema, NSE chief executive officer, said

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Coronavirus outbreak could cause global recession, IMF warns

    Coronavirus outbreak could cause global recession, IMF warns

The International Monetary Fund has warned that the global economy could suffer a severe recession “at least as bad during the 2008 global financial crisis or worse” in 2020. Cases

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Access Bank shuts VI branch after customer tested positive for coronavirus

    Access Bank shuts VI branch after customer tested positive for coronavirus

Access Bank Plc says it has temporarily closed its Ligali Ayorinde branch for thorough disinfection. This comes after a customer who visited the branch on Monday, March 16, tested positive

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BOI raises €1 billion for credit financing to MSMEs

    BOI raises €1 billion for credit financing to MSMEs

The Bank of Industry (BOI) says it has raised €1 billion from the international capital market. According to a statement released

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Four ways Nigerian govt should minimize impact of COVID-19 

    Four ways Nigerian govt should minimize impact of COVID-19 

BY RAZAQ FATAI AND ADEDAYO BAKARE The Coronavirus (COVID-19) pandemic is arguably the biggest challenge facing humanity today. More than

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GSK, Fidson named among companies to get funding from bankers committee

    GSK, Fidson named among companies to get funding from bankers committee

The Central Bank of Nigeria (CBN) and bankers committee have identified local pharmaceutical companies that would be granted funding facilities

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IT’S OFFICIAL: Naira to now trade at N380/$

    IT’S OFFICIAL: Naira to now trade at N380/$

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars

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EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

    EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

Allocations to the three tiers of government in naira will increase as the federation account allocation committee (FAAC) has adopted

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Devaluation? Naira trades at N380/$ on I&E window

    Devaluation? Naira trades at N380/$ on I&E window

The naira traded at N380 to the dollar on Friday at the Investors and Exporters window. This comes after the

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