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The Central Bank of Nigeria (CBN) has directed commercial banks to prioritize cash disbursements through automated teller machines (ATMs), warning that failure to comply will attract...
Eko Hot Blog reports that commercial banks in Nigeria has closed 2.021 million bank accounts In the first quarter of 2024 (Q1’24). This was done to...
EFCC intensifies efforts against currency speculation and naira manipulation, targeting cryptocurrency platforms. Sources reveal EFCC’s focus on stabilizing Nigerian forex market, not limited to Binance. Spokesperson...
Minister Nyesom Wike seeks House approval for N500 billion loan for FCT’s 2024 budget. Lawmaker expresses concerns over proposed borrowing, suggests exploring capital market options. Wike...
Eko Hot Blog reports that the House of Representatives on Wednesday uncovered five banks withholding five billion dollars in forex. Worried by the instability in the...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) on Friday said that it will no longer be debiting daily amounts from the Cash...
EKO HOT BLOG reportsThe Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has raised concerns about a significant amount of government revenue being stuck in commercial banks,...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has explained the reason behind the fresh naira scarcity and cash crunch being experienced in...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has directed commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends...
Eko Hot Blog reports that Commercial banks in the country are gradually raising the daily withdrawal limit on automated teller machines (ATMs) to N200,000, several months...