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Tag "central bank of nigeria"

Heritage Bank shutdown: Banking system, depositors’ funds are safe, says CBN

    Heritage Bank shutdown: Banking system, depositors’ funds are safe, says CBN

The Central Bank of Nigeria (CBN) says the banking system and depositors’ funds are safe. Sidi Ali Hakama, the bank’s acting director of corporate communications, said this on Monday during

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Cash remains common method for illegal activities, not crypto, says fintech expert

    Cash remains common method for illegal activities, not crypto, says fintech expert

Wale Fakorede, a financial technology (fintech) expert, says cash remains the common method for illegal activities, not cryptocurrencies. In a statement on Friday, Fakorede said the reputation of financial technology

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Fidelity Bank to raise N127bn through public offer, rights issue

    Fidelity Bank to raise N127bn through public offer, rights issue

Fidelity Bank says it has concluded all necessary arrangements to raise a total of N127.1 billion through rights issue to existing shareholders and a public offer. In a statement on

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Heritage Bank shutdown: Badly run bank shouldn’t have lifetime guarantee, says Moghalu

    Heritage Bank shutdown: Badly run bank shouldn’t have lifetime guarantee, says Moghalu

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), says badly managed banks should not have a lifetime guarantee. Moghalu’s statement is coming two days after

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Fitch: Naira will end the year around N1,450/$

  Fitch: Naira will end the year around N1,450/$

Fitch Ratings, a global rating agency, has projected naira will end the year at N1,450 to a dollar. Gaimin Nonyane,

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OPay, Kuda resume onboarding of new customers as CBN lifts restriction

  OPay, Kuda resume onboarding of new customers as CBN lifts restriction

Financial technology (Fintech) companies have resumed onboarding new customers. In separate statements on Monday, OPay and Kuda Microfinance Bank announced

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Senate panel: No plan to strip CBN of power to set interest rate

  Senate panel: No plan to strip CBN of power to set interest rate

The senate committee on banking, insurance, and other financial institutions, says the national assembly does not plan to transfer interest

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CBN: IOCs can sell 50% of repatriated export proceeds to authorised FX dealers

  CBN: IOCs can sell 50% of repatriated export proceeds to authorised FX dealers

The Central Bank of Nigeria (CBN) says international oil companies (IOCs) can sell their 50 percent balance of repatriated export

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ABCON to CBN: Reduce capital base requirement from ‘N2bn to N500m’

  ABCON to CBN: Reduce capital base requirement from ‘N2bn to N500m’

The Association of Bureau De Change Operators (ABCON) has called on the Central Bank of Nigeria (CBN) to review the

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‘It’ll undermine autonomy’ — CIBN, CPPE fault proposal to amend CBN Act

  ‘It’ll undermine autonomy’ — CIBN, CPPE fault proposal to amend CBN Act

The Chartered Institute of Bankers of Nigeria (CIBN) and the Centre for the Promotion of Private Enterprise (CPPE) have raised

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