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CBN to Establish New Office for Managing Dormant Account Funds
The management of dormant accounts and unclaimed balances would be handled by a separate office, the Central Bank of Nigeria (CBN) has revealed.
This is...
Dangote Refinery Denies Crude Resale Allegations, Says CDU is in Top Condition
The Dangote oil refinery in Nigeria has refuted the allegations that it is reselling cargoes of both Nigerian and American petroleum, calling them flatly...
AFREXIM Praises Nigeria’s Economic Resiliency, Calls for Quicker Growth
Africa's top export-import bank, AFREXIMBANK, is praising Nigeria's economy for its ability to recover from the COVID-19 recession, but it also notes that given...
CBN Aims for FX Liquidity by Selling Additional $148 Million to 29 Dealers
The Central Bank of Nigeria (CBN) sold $148 million to 29 approved dealers in the Nigerian Foreign Exchange Market (NAFEM) to increase liquidity in...
Oil Income in Nigeria Increases by 30% in the First Half of 2024 -Wale Edun
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, reported that the government's revenue from the oil sector jumped from 11% in...
