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The Nigerian Naira opened trading on Monday with a notable gain against the US Dollar at the official foreign exchange market, signaling a positive start to the week after a period of depreciation. Data published by the Central Bank of Nigeria (CBN) showed that the Naira closed at ₦1,456.56 per dollar at the official…
Even in the jungle, it is not uncommon to see the hunter become the hunted in the deadly game of survival. This is exactly what happened recently in Nigeria’s banking sector. The recent dramatic changes that swept through Nigeria’s premier banking service provider, First Bank of Nigeria Limited and FBN Holdings took most observers by…
Mixed reactions have trailed Nigeria’s public financial sector since Edo State, Governor Godwin Obaseki on 10 April 2021 disclosed that the Federal Government printed N60 billion as part of the federal allocation for March. This earth-shaking disclosure was made during the state transition committee stakeholders’ engagement. After four days of anxiety, as the public waited…
