Financial Market
IMF urges FG to develop framework to tackle cybercrime in financial sector
The International Monetary Fund (IMF) has urged Nigeria's government to create a "robust and adequate" framework to combat cybercrime in...
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CAC registration: Police to go after illegal PoS operators
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients...
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Naira depreciates to N1,415/$ in parallel market
The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday. Similarly, the...
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Binance executive will be smoked out of hiding and extradited to Nigeria – Interpol
The International Criminal Police Organisation (Interpol) has announced steps to extradite Nadeem Anjarwalla, Binance's regional manager for Africa, to Nigeria...
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Suspension of new account openings by Moniepoint, OPay, others sparks concerns
Jitters arose as Kuda Bank, Moniepoint, OPay, and Palmpay temporarily halted new account openings for customers. According to a source...
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Naira depreciates to N1,340/$ in parallel market
The Naira yesterday depreciated to N1,340 per dollar in the parallel market, from N1,300 per dollar last week Friday. Similarly,...
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CBN sells dollars to BDCs at N1,021/$
The Central Bank of Nigeria (CBN) has further lowered the foreign currency (FX) rate for dollar allocations to Bureau de...
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10% tax-to-GDP ratio shows Nigerians don’t pay taxes – Wale Edun
Nigeria's tax-to-gross domestic product (GDP) ratio is low, according to Finance Minister and Coordinating Minister of the Economy Wale Edun,...
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Allow non-oil exporters to hold FX for 48 hours – ABCON urges CBN
The Association of Bureaux de Change Operators of Nigeria (ABCON) has petitioned the Central Bank of Nigeria (CBN) to require...
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Falling diesel prices can help bring inflation down – Dangote
Aliko Dangote, Africa's richest man, believes a decline in the retail price of motor gas oil, better known as diesel,...
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