Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
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Access, UBA, other banks release new selling, buying rate for US dollar, pound, euro
Nigerian banks and also the Central Bank of Nigeria has shared the latest naira exchange rate against the United States dollar in the official markets.
Naira holds strong as CBN pumps $150 million into banks, foreign reserves hit $40bn
The Nigerian currency, the naira, traded strongly in the official foreign exchange market following the injection of $150 million by the Central Bank of Nigeria.
Soaring prices push Nigerians to ditch 'Tokunbo' cars for local alternatives, new rates emerge
More Nigerians are abandoning imported used cars, also known as tokunbo, for locally used vehicles due to a high import cost caused by the naira's depreciation.
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