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Banks can demand customers’ social media handles, court rules

    Banks can demand customers’ social media handles, court rules

A federal high court in Lagos has struck out a case against the Central Bank of Nigeria (CBN) over its directive requiring banks to collect and verify social media handles

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CPPE to CBN: Don’t raise interest rates — allow businesses recover from recent hikes

    CPPE to CBN: Don’t raise interest rates — allow businesses recover from recent hikes

The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) not to raise the interest rates. On May 20 and May 21, the

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‘To spur liquidity’ — CBN grants approval in principle to 14 new IMTOs

    ‘To spur liquidity’ — CBN grants approval in principle to 14 new IMTOs

The Central Bank of Nigeria (CBN) has granted approval in principle (AIP) to 14 new international money transfer operators (IMTOs). IMTOs carry out cross-border fund transfer services for individuals and

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CBN to hold MPC meeting May 20

    CBN to hold MPC meeting May 20

The Central Bank of Nigeria (CBN) is set to hold its 295th monetary policy committee (MPC) meeting next week. In a statement on Tuesday, the apex bank said the meeting

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FULL LIST: FG appoints 11 pre-shipment inspection, monitoring agents for oil exports

  FULL LIST: FG appoints 11 pre-shipment inspection, monitoring agents for oil exports

The federal government has appointed pre-shipment inspection agents (PIAs) as well as monitoring and evaluation agents (MEAs) for crude oil/gas

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IT’S OFFICIAL: Tinubu suspends 0.5% cybersecurity levy

  IT’S OFFICIAL: Tinubu suspends 0.5% cybersecurity levy

President Bola Tinubu has suspended the 0.5 percent cybersecurity levy after criticism trailed the announcement. Mohammed Idris, minister of information

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CBN records $282m as diaspora remittances in Q1 2024

  CBN records $282m as diaspora remittances in Q1 2024

Nigeria recorded $282.61 million as total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024. This is

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Cardoso: Interest rates will stay high until inflation is tamed

  Cardoso: Interest rates will stay high until inflation is tamed

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has hinted that interest rates would remain high until inflation

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KPMG to FG: This is not the right time to implement cybersecurity levy

  KPMG to FG: This is not the right time to implement cybersecurity levy

KPMG Nigeria says the implementation of the cybersecurity levy should be reconsidered due to the current economic climate. On May

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April inflation, cybersecurity levy… business stories to track this week

  April inflation, cybersecurity levy… business stories to track this week

Here are the seven top business stories you need to track this week — May 13  to May 17. APRIL

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