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Nigeria: Banks’ consumer loans decline 17% as CBN tightens money supply
For the first time in three years, banks reduced consumer loans by 17 per cent (N400 billion), in one month, following a decline in money ...
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Nigeria: MTN, Airtel bar 9.7 million subscribers
Two telecommunication companies have reported that 9.7 million of their subscribers are still barred from making outgoing calls despite submitting their National Identification ...
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Nigeria: Fitch Downgrades Nigeria as Interest on Debts Exceeds Govt. Revenue
Fitch Ratings has downgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ with a stable outlook amidst macroeconomic uncertainties, noting ...
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Nigeria: NCC to Discuss December 5G Spectrum Auction at Stakeholders’ Forum
The Nigerian Communications Commission (NCC) has concluded arrangements to hold stakeholders’ forum where the proposed auction of the remaining two lots in the ...
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Nigeria: Banks charge customers N715bn for electronic transactions, others
Eleven banks charged their customers N714.61bn for electronic fees and other forms of commissions in the first nine months of 2022. According to ...
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Nigeria: CBN commits $16.9bn to forex market, other obligations in H1’22
The Central Bank of Nigeria, CBN, disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half ...
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Nigeria: Beware of online loans, data agency warns
The National Commissioner, Nigeria Data Protection Bureau, Dr Vincent Olatunji has advised Nigerians against taking loans from unregistered online platforms as some of ...
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Nigeria: Farmers kick as CBN halts Anchor Borrowers Programme’s funding
The Central Bank of Nigeria has stopped disbursing funds to farmers under the Anchor Borrowers Programme which started in 2015, but beneficiaries kicked ...
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Nigeria: LAPO MfB Wins Microfinance Bank of The Year Award
LAPO Microfinance Bank Limited, (LAPO MfB), a premium microfinance institution in Nigeria, has again won the “Microfinance Bank of the Year 2022″ in ...
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Nigeria: CBN Says Hoarding, Counterfeiting Reasons for Naira Redesign
The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes. Mrs ...