Capital Market

Capital Market

State Of The Economy: Forex Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom

Owners of small-scale enterprises, Nigeria Employers’ Consultative Association, and manufacturers, who spoke to The PUNCH, expressed concern about the falling value of the naira, warning that it would lead to the shutting down of factories and attendant job losses. The naira has maintained a downward trend since the Central Bank …

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CBN Gives New Directive, Says Banks Must Obtain Customers’ Social Media Handles For Identification 

Financial institutions have been mandated by the Central Bank of Nigeria (CBN) to obtain the social media handles of customers for the purpose of identification. It also asked financial institutions to obtain e-mail addresses, telephone numbers, and residential addresses, among other things, from customers. This is contained in the new …

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