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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Lead Investigation

Fidelity, Globus, Wema, Providus, Rand, Taj meet CBN recapitalisation requirements

IN the first quarter (Q1) of 2024, the Central Bank of Nigeria (CBN) rolled out new recapitalisation rules mandating international banks to raise at least N500 billion. National banks were required to raise N200 billion, while regional banks were asked to meet the N50 billion capital requirement of N50 billion. There were also N20 billion […]

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Aug 13, 2024 post

Job losses loom in Unity Bank after Providus acquisition

…Politics takes centre stage in deal-making STAFF of Unity Bank are in panic weeks after the announcement of merger between their financial institution and Providus Bank. They are afraid of losing their jobs, which will likely be the result after the Providus Bank acquisition. The deal, which Economy Post has found out to be an […]