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Finance & Economy - Page 229

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank for Economic Development in Africa (BADEA) Friday signed a Memorandum of Understanding (MoU) as part of an ongoing

November 1, 2025

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Bureau De Change Operators Reduce Dollar Rate In Black Market

November 1, 2022, Dollar Exchange Rate: On Tuesday, the average exchange rate of US dollar to naira was N800 in the black market, showing sign of demand pressure easing in the parallel market amid plan to release redesigned naira notes. The naira appreciated

November 1, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira In 53% Decline, Hits N865 Per Dollar, Nears N1,000 PBA Prediction

October 27 Dollar Exchange Rate: The dollar-to-naira black market exchange rate on Monday, crossed the N800 mark, setting its gaze on a possible N1,000/$ mark by December 2022, in line with Prime Business Africa analysis last September. The newspaper also predicted that

October 31, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria loses at least 700,000 barrels of crude oil to thieves per day, the Minister of State for Petroleum Resources, Timipre Sylva, has revealed. This compounds the revenue problem of the country. According to Sylva, “Oil theft has denied the country of

October 31, 2022

Finance & Economy·News

LCCI Kicks Against Redesign Of Naira Notes

Lagos Chamber of Commerce and Industry (LCCI) has joined voices with those opposing the proposal of redesigning the Naira notes by the Central Bank of Nigeria effective from December 15, 2022. Prime Business Africa reports that the Governor of the Central Bank

October 30, 2022

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

The exchange rate between the naira and the United States dollar (USD) went haywire in the black market on Friday evening. Bureau De Change operators profited from the recent announcement made by the Central Bank of Nigeria (CBN) that redesigned naira notes

October 28, 2022

Business·Currency

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

The Finance Minister, Zainab Ahmed, has asked the National Assembly to summon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the redesigned naira notes. Ahmed said the central bank chief did not consult with her ministry before informing

October 28, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

October 27 Dollar Exchange Rate: The dollar-naira black market exchange rate increased by N10 earlier on Friday, indicating that Bureau De Change operators charged USD buyers more. During the previous trading day on Thursday, Bureau De Change operators had demanded about N765

October 28, 2022

Finance & Economy

Afrinvest Banking Sector Report Shows Banks’ Resilience

Afrinvest Banking Sector Report has shown that commercial banks recorded modest improvement in all regulatory indicators despite daunting economic challenges

October 27, 2022

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

October 27 Dollar Exchange Rate: On Thursday, buyers of dollars in the black market paid about N765/$1 to Bureau De Change operators, as the BDC centers increased their asking price by 0.6 per cent. Prime Business Africa learnt that the value of

October 27, 2022

Business·Currency

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

Bureau De Change operators and commercial banks have been warned by Economic and Financial Crimes Commission (EFCC) ahead of the release of the redesigned naira notes in December. The Executive Chairman of EFCC, Abdulrasheed Bawa, said financial institutions should be careful at this period,

October 27, 2022

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Finance & Economy - Page 229

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Bureau De Change Operators Reduce Dollar Rate In Black Market

Naira In 53% Decline, Hits N865 Per Dollar, Nears N1,000 PBA Prediction

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

LCCI Kicks Against Redesign Of Naira Notes

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

Afrinvest Banking Sector Report Shows Banks’ Resilience

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

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