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BUSINESS NEWS
Business and Economic News from Nigeria
Loan shall be determined based on the activity and shall not exceed N10 billion per obligor.
The CBN did not state why the accounts were flagged but sources inform Nairametrics that it is due to suspicion of forex infractions.
Bitcoin fell as low $10,025 by Friday and has just bounced back, trading around the $10,400 price level.
Access Bank Plc also announced an interim dividend of 0.25K.
The Bank recorded 17.4% increase in Profit Before Tax from N44.65 billion to N52.41 billion.
The implementation of the policy would disrupt over 80% supply chain of the business community.
MTN's expansion into the FinTech landscape could spell a rise of a mega monopoly.
Gold futures at the time this report was drafted gained 0.27% to $1,943.
Ethereum traded at $387.65 with a daily trading volume of $18.9 billion on Friday.
$50 million was sold to foreign investors on the spot and forward market.
The BDC operators said that the profit margin would not be enough to cover their expenses.
The Naira remained stable against the dollar to close at N440/$1 on Wednesday.