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Central Bank of Nigeria

Central Bank of Nigeria

Sanusi
BUSINESS & ECONOMY POLITICS & GOVERNMENT
Emir of Kano, Muhammadu Sanusi II, yesterday declined comments on restructuring and devolution of power in the country as espoused by some regional leaders. Sanusi, a former Governor ...
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MTN
COVER IT/TELECOM NEWSLETTER
The shares of the MTN Group dropped as much as 23 per cent to a nine-year low, yesterday, a day after the Central Bank of Nigeria (CBN) ordered ...
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COVER NEWSLETTER POLITICS & GOVERNMENT
President Muhammadu Buhari Friday in Daura explained the reason he trekked 800 metres in Daura after Eid prayers on Tuesday, saying he didn’t do so to prove his ...
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BANKING & FINANCE COVER
As part of efforts to drive financial inclusion, and deepen services across the nook and cranny of Nigeria through cost effective channels, Firstmonie Agent network is fast gaining wide ...
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DBN
BANKING & FINANCE COVER NEWSLETTER SME Biz
Despite efforts by financial services regulators to make funds available for small business at single-digit interest rates, banks have said this may not be possible until such facilities ...
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Emefiele
BUSINESS & ECONOMY COVER NEWSLETTER
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, in moving the economy moving forward, has proposed what needs to be done and how the CBN ...
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BUSINESS & ECONOMY COVER NEWSLETTER
The Central Bank of Nigeria (CBN) on Friday asked lenders to submit bids for the Chinese yuan, traders said. This is CBN’s second auction of the currency after ...
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BUSINESS & ECONOMY COVER NEWSLETTER
Nigeria’s foreign exchange reserves dipped by $260 million to $46.81 billion as at August 7, 2018. This is the lowest drop in four months. The depletion cuts short ...
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Emefiele
BUSINESS & ECONOMY
Latest data from the Central Bank of Nigeria (CBN) has shown that the country’s foreign reserves have depreciated to $46.86 billion. This was the amount left in the ...
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CBN
BANKING & FINANCE COVER
The acting Director, Corporate Communications, CBN, Isaac Okorafor in a statement in Abuja, said the bank offered 100 million dollars to authorised dealers in the wholesale segment of ...
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Yuan
BANKING & FINANCE
The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan, signaling the consummation of ...
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BUSINESS & ECONOMY COVER
The Development Bank of Nigeria (DBN) is gearing up to provide N5 billion to 20,000 Small and Medium Enterprises (SMEs), its Managing Director, Tony Okpanachi, has said. He ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER
Moves against currency hawkers The Central Bank of Nigeria (CBN) yesterday disclosed that trading in the Chinese Renminbi would commence before the end of this month. A top ...
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Buhari
BANKING & FINANCE COVER NEWSLETTER
President Muhammadu Buhari wednesday signed the Nigerian Financial Intelligence Unit (NFIU) Bill into law. Making this disclosure, while briefing journalists in the State House, the Senior Special Assistant ...
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ATM
COVER NEWSLETTER TOURISM, TRAVEL & HOSPITALITY
Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts funded locally. The banks have ...
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Currency swap
BUSINESS & ECONOMY COVER
The Central Bank of Nigeria (CBN) is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support ...
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FOREIGN EXCHANGE
BANKING & FINANCE NEWSLETTER
The local currency, however, appreciated against Pound The Naira closed at N360 to a Dollar, N428 to Euro while the Pound traded at N498 The Nigerian Naira on ...
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MAN
BUSINESS & ECONOMY MANUFACTURING
The Central Bank of Nigeria (CBN) at the weekend released its manufacturing Purchasing Managers’ Index (PMI) for the month of June 2018. In its report, the apex bank ...
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BANKING & FINANCE BUSINESS & ECONOMY NEWSLETTER
Customers in the retail segment of the Nigerian inter-bank foreign exchange market received a $318.73m boost from the Central Bank of Nigeria (CBN) on Friday, June 29, 2018. ...
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IT/TELECOM NEWSLETTER
Indications have emerged that Teleology Holdings Limited, the preferred bidder for the acquisition of telecommunication company, 9mobile, may have put the final seal on its move to take ...
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