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The Naira depreciated further in the official market on Friday, trading at N1,393.25 against the US dollar. According to data released on the official website of the Central Bank of Nigeria (CBN), the Naira lost N5.80. This represents a loss of 0.4% compared to Thursday when the local currency was trading at N1387.44 against the dollar. Even the Naira, which …

The Handshake Movement (THM), a key pillar of patriots committed to building a truly inclusive, responsive and forward-thinking political force in Nigeria, has called on the leadership of the African Democratic Congress (ADC) and all presidential aspirants on the party platform to unite. The group said that across the country, millions of citizens face growing economic hardship, growing insecurity, unemployment, …

The Central Bank of Nigeria (CBN) said on Friday that 30 banks had met the new capital requirements ahead of the March 31 deadline. This was disclosed by the Acting Director of Corporate Communications Development of CBN, Mrs. Hakama Sidi-Ali in a statement in Abuja. He said as of March 6, the banks had met the new minimum capital requirements …

The United States has imposed visa restrictions targeting Rwandan officials accused of sponsoring M23 rebels and undermining peace in the eastern Democratic Republic of Congo (DRC). The State Department, in a statement on Saturday, said visa restrictions had been imposed on several senior Rwandan officials for “fueling instability” in eastern DRC. “By continuing to support M23 and violating the Washington …