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Suspending cash deposit fees will lighten the load on SMEs – CBN
The Central Bank of Nigeria (CBN) has decided to suspend processing fees on cash deposits beyond certain levels. Dr. Chinyere Almona, the Director-General of...
Nigeria and other countries lose $88.6 billion a year due to corruption and illicit cash flows
According to estimates made yesterday, the annual cost of corruption and illegal cash flows in Nigeria and other African nations is $88.6 billion.
The estimate...
CBN Responds to Cash Crunch by Suspending Levies on Large Deposits
The Central Bank of Nigeria (CBN) reversed course yesterday and stopped imposing "penalties" on deposits over N500,000 for individuals and N3 million for corporate...
BDAN reports a 29.7% increase in income
During its Annual General Meeting (AGM), the Bank Directors Association of Nigeria (BDAN) reported that its income for 2022 increased by 29.7% over the...
Financial stocks increase market volume as FMDQ FX reaches $557.8 million
For the week ending on December 8, the FMDQ Spot and Derivatives markets reported a turnover of $557.8 million, which was 6.63 percent ($39.60...
