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FG Orders Nigerians To Submit Self-Certification Forms Or Lose Bank Accounts

The Federal Government has ordered all Nigerians holding accounts across financial institutions and insurance firms to complete and submit Self-certification forms. President Muhammadu Buhari-led Federal government announced the decision in a terse statement on the micro-blogging site, Twitter on Thursday evening, September 17. Buhari government warned that failure to comply …

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Akinwunmi Adesina Reelected As President of AFDB

Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank President for a second five-year term. The election took place electronically on Thursday at the virtual annual general meeting of the bank. Adesina’s reappointment on Thursday at the helm of the 56-year-old bank is considered a …

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Dollar scarcity worsens, forces Naira down

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. The News Agency of Nigeria reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading at the investors’ window saw the naira closing at N385.98 …

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CBN adjusts official exchange rate to N381/$

The naira weakened some 5.8 percent to N381 per dollar at the official market, Tuesday, as the Central Bank of Nigeria (CBN) took yet another step towards a convergence of its multiple exchange rates. The official rate which had been at N360/$ since March was quoted at N381/$ at market …

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