Naira Down To N1,610/$ In Parallel Market | MarvelTvUpdates
The Naira yesterday depreciated to N1, 610 per dollar in the parallel market from N1,600 per dollar on Monday. Similarly, the Naira depreciated to N1,592.06 per dollar in the Nigerian
Category: Banking
Nigeria Seeks Fresh $500m World Bank Loan For Dam, Water Management | MarvelTvUpdates
The Nigerian Government of Nigeria has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the country. This loan is expected
Federal Govt, States, LGs Share ₦1.35trn In June 2024 | MarvelTvUpdates
A total sum of N1.354 trillion June 2024 Federation Accounts Revenue has been shared with the Federal Government, States and Local Government Councils in the country. The revenue was shared
Bitcoin Crashes Below $61K, Crypto Traders Lose Over $300m | MarvelTvUpdates
The cryptocurrency market is experiencing increasing losses following its second-worst weekly decrease in 2024. This decline is attributed to the waning demand for Bitcoin exchange-traded funds, ambiguity surrounding the U.S.
Nigeria’s Debt Up By N24.33trn In 3-Month, Now N121.67trn | MarvelTvUpdates
The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months –
World Bank Approves Nigeria’s $2.25bn Loan Request | MarvelTvUpdates
The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in
Godwin Emefiele Printed ‘His Own Naira’, Ignored Design Approved By Buhari, Says Ex CBN Director | MarvelTvUpdates
A former Central Bank of Nigeria (CBN), director of currency operations, Ahmed Umar, has disclosed that the immediate past governor, Godwin Emefiele, printed his own design of the naira. We
Court Backs CBN, Directs Banks To Collect Customer’s Social Media Handles | MarvelTvUpdates
The Federal High Court, Lagos has upheld a new Central Bank of Nigeria (CBN) regulation which requires financial institutions to demand and collect the social media handles of their customers,
Senate Moves To Stop CBN Governors From Contesting Elections | MarvelTvUpdates
The Senate is seeking to make amend the Central Bank of Nigeria (CBN) Act 2007 in order to prevent high-ranking officials of the apex bank from engaging in partisan politics.
Federal Govt To Receive $2.25bn World Bank Loan, June | MarvelTvUpdates
The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received