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Finance & Economy - Page 275

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Finance & Economy

AMCON Promotes Entrepreneurship With N1.5mn For Corps Members

The Asset Management Corporation of Nigeria (AMCON) has initiated an entrepreneurship and empowerment programme for members of the National Youth Service Corps (NYSC) posted to carry out their national service with AMCON. The scheme, which is tagged the “Managing Director’s Annual NYSC

November 14, 2021

Finance & Economy

Kuda Bank Threatens To Close Accounts Engaged In Cryptocurrency Transactions

Kuda Bank has threatened its customers that it would close accounts found to be engaged in the transaction of cryptocurrency. The bank said it can’t facilitate cryptocurrency transactions because it violates the policy of the Central Bank of Nigeria which regulates all

November 14, 2021

Currency

eNaira Wallet Records 488,000 Downloads In 160 Countries

RECENTLY launched Central Bank of Nigeria (CBN) Digital Currency has been downloaded 488,000 in 160 countries all over the world. According to a statement released by the CBN, to mark the first 19 days of the eNaira launch, the apex bank

November 13, 2021

Stock Market Cap Closes At N34.97trn, Investors Gain N40.9bn

Currency·Markets

Exchange Rate Update: Friday 12 October, 2021

Data at the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the naira and the US dollar opened at ₦414.39/$1 on 12th November 2021 after closing at ₦414.73/$1. Showing a change of 0.03 Also, at

November 12, 2021

Tony Elumelu Foundation entrepreneurship programme 2021

Africa·Entrepreneurship

Elumelu Foundation Spends $24.7m, Empowers 5000 African Entrepreneurs

TONY Elumelu Foundation (TEF), a leading non-profit organization in Africa, has invested $24.7 million in providing seed capital funding for almost 5000 entrepreneurs selected from across the 54 nations on the continent.

November 12, 2021

Finance & Economy

CBN Says, Food Import Bill Plummet From $3.40 billion to $0.56 billion

Governor of Central Bank of Nigeria, Godwin Emefiele, has said that as a result of its interventions in agriculture, the food import bill has dropped from $3.40 billion in 2014 to $0.56 billion, representing a drop of over 80 per cent over

November 12, 2021

Finance & Economy

Stock Exchange Continue To Experience Free Fall On Thursday

Trading on the floor of the Nigerian stock exchange continued on a downward trend on Thursday as investors continue to take profit. The stocks which recorded a decline on Wednesday after a bullish run declined further on Thursday closing at a

November 12, 2021

Finance & Economy·News

CBN, At Lagos Trade Fair, Harps On Employment- led Growth

THE Central Bank of Nigeria (CBN) has reiterated commitment to ensuring that Nigeria returns to employment-led growth anchored on productivity and rewarding producers of local goods, services, innovation and new technologies. The bank made this fresh commitment on Thursday during the CBN

November 11, 2021

Currency·Markets

Exchange Rate update: Thursday, 11th Of October, 2021

Data at the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the Naira and the US dollar opened on Thursday, November 11, 2021, at N414.28/$1 after it closed at ₦414.73 to a $1 on Wednesday,

November 11, 2021

Finance & Economy

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

The Delta State House of Assembly has approved a request by Governor Ifeanyi Okowa for N18.7bn bridging finance from the Central Bank of Nigeria (CBN). Okowa explained that the credit facility was to cushion the effect of repayment of the Federal Government’s

November 11, 2021

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Finance & Economy - Page 275

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

AMCON Promotes Entrepreneurship With N1.5mn For Corps Members

Kuda Bank Threatens To Close Accounts Engaged In Cryptocurrency Transactions

eNaira Wallet Records 488,000 Downloads In 160 Countries

Exchange Rate Update: Friday 12 October, 2021

Elumelu Foundation Spends $24.7m, Empowers 5000 African Entrepreneurs

CBN Says, Food Import Bill Plummet From $3.40 billion to $0.56 billion

Stock Exchange Continue To Experience Free Fall On Thursday

CBN, At Lagos Trade Fair, Harps On Employment- led Growth

Exchange Rate update: Thursday, 11th Of October, 2021

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

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