Money Monday
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CBN removes saving, withdrawal limits on domiciliary accounts - Punch
The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts. In a statement by the CBN on Sunday, the new regulation allowed account holders to deposit freely, have unrestricted access to funds in accounts, and make up to $10,000 withdrawals daily.Power projects : FG secures $750m World Bank loan – Punch
The World Bank Group has approved a loan of $750m to boost Nigeria’s power sector, The PUNCH has learnt. Information obtained from the website of the bank showed the fresh loan as additional financing for the Power Sector Recovery Performance-Based Operation, which was first approved on June 23, 2020.
Investment Tip of The Day
Changes in interest rates can have significant implications for various investments, including bonds and real estate. Stay informed about interest rate movements and assess their potential impact on your investment strategy.
Meme of the Day
