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DecThe Central Bank of Nigeria (CBN) has instructed Deposit Money Banks and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively. This regulatory directives is to take effect nationwide from January 9, 2023. The CBN further fixed daily maximum withdrawals via point of […]
Recent publication by the National Bureau of Statistics has revealed that Nigeria’s total trade in the Third Quarter of 2022 stood at N11.598 trillion, this was lower than the value recorded in the second quarter of 2022 (N12.841. trillion) but was higher than the value recorded in the corresponding period of 2021 which stood at N10.472. trillion.[…]
Recent report published by the National Pension Commission (Pencom) revealed that Nigeria’s pension assets rose to N14.589 trillion in October from N14.424 trillion as of the end of September. This represents a growth of N164.4 billion in October The figure showed that N9.23 trillion of the funds was invested in Federal Government’s securities, N1.53 trillion in corporate[…]
