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Tax evasion: EFCC sets to arraign Binance executive in court
The operatives of the Economic and Financial Crimes Commission (EFCC) are set to arraign an official of Binance Holdings Limited, Tigran Gambaryan, in court over allegations of tax evasion.
READ ALSO: JUST IN: EFCC arrests popular!-->!-->!-->…
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Naira appreciates at both official, parallel windows
The Naira on Tuesday, appreciated to N1,270 per dollar at the parallel market, from N1,290 per dollar last Thursday.
Also, the Naira appreciated at the NAFEM to N1,278.58 per dollar.
Read Also:CAN demands apology from FIRS over!-->!-->!-->!-->!-->…
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‘How CBN monetary policy will boost foreign investment, strengthen naira’
A renowned Economist, Prof. Ken Ife, says aggressive monetary policy tightening adopted by the Central Bank of Nigeria (CBN) will attract foreign portfolio investments to the country.
Ife, who is the Lead Consultant on Private Sector!-->!-->!-->…
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Nigerian railway generates N1.07b from passengers in Q4 2023 — NBS
The Nigerian Railway Corporation (NRC) generated N1.07 billion as revenue from passengers in Q4 of 2023, the National Bureau of Statistics (NBS) has said.
This is contained in the NBS Rail Transportation Data for Q4 2023 released in!-->!-->!-->…
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NSIA posts over ₦1.18trn revenue growth for 2023
The Nigeria Sovereign Investment Authority (NSIA) has announced its audited results for 2023 financial year, posting a recorded 11 consecutive years of positive earnings with a cumulative annual growth rate of 117.3 percent.
The!-->!-->!-->…
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JUST IN: CBN introduces new minimum capital base for banks
The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion.
A circular signed by the Director,!-->!-->!-->…
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Naira on steady recovery, gains further by 1.8% against dollar
The Naira experienced a further appreciation at the official market, trading at N1,382.95 to a dollar on Tuesday.
Data from the official trading platform of the FMDQ revealed that the Naira strengthened by N25.09 or 1.78 per cent,!-->!-->!-->…
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CBN increases inter-bank interest rate by 200 basis points to 24.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by 200 basis points, to 24.75 per cent from 22.75 per cent on Tuesday.
MPR is a short-term,!-->!-->!-->…
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ALERT: ‘Avoid use of Boeing 737 planes; it’s risky’
Itse Sagay, a Senior Advocate of Nigeria (SAN), has warned the federal government against not using Boeing Max planes for Nigeria’s official carrier — Nigeria Air — because of its history of deadly crashes, TheCable reports.
Sagay,!-->!-->!-->…
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Addressing inflation requires more than monetary policy, says MPC member
A member of the Central Bank of Nigeria's Monetary Policy Committee (MPC), Prof. Murtala Sagagi, has highlighted the complex nature of Nigeria’s inflation challenges.
Sagagi said mere monetary policy readjustments will have a limited!-->!-->!-->…
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