March 1, 2024

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Regulation
Editor

EITI DELISTS MYANMAR DUE TO POLITICAL INSTABILITY

The EITI Board has decided to delist Myanmar from the Extractive Industries Transparency Initiative (EITI) due to ongoing political instability and conflict. The situation in the country has made it unfeasible to uphold key aspects of the EITI, including multi-stakeholder governance and

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Finance
Editor

CBNs MPC HIKES MPR BY 400 BASIS POINTS

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) after its first meeting for the year decided to further tighten monetary policy and subsequently raise the MPR by 4 percent to 22.75 from 18.75 percent, raise the

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Finance
Editor

CBN REVOKES OPERATIONAL LICENSES OF 4,173 BDCs

The Central Bank of Nigeria (CBN), this friday revoked the licenses of 4,173 Bureaux De Change Operators. The apex regulator said the action is in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA)

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