A mass burial has been held for soldiers killed in the recent Boko Haram ambush in Yobe and Borno State.
They were buried amidst tears in the presence of their senior colleagues …
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The Central Bank of Nigeria (CBN) on Friday commenced sale of foreign exchange in Chinese Yuan (CNY).
The exercise marks the formal take-off of the Bilateral Currency Swap Agreement (BCSA) the bank signed on April ...
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Nigeria Starts Auctioning Yuan as It Deepens Ties With China Bloomberg Full coverage
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The Central Bank of Nigeria (CBN) has disclosed that it had ordered banks to refund N65billion to Nigerians.
The refund covered wrongful deductions and charges from customers’ deposits and other transactions in the last six years. Acting Director, Corporate Communications, CBN, Isaac Okorafor...
Vice President, Yemi Osinbajo and some governors have commenced the National Economic Council (NEC) meeting to resolve the controversial issue …
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The SANEF initiative is an effort by the apex bank to spur quick growth in the level of financial inclusion through availability of financial access points, especially in the Northern part ...
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Africa’s leading technology entrepreneur, Leo Stan Ekeh has charged the Federal Government to leverage technology in reducing to the barest minimum the growing incidences of corporate debts and usher in an era of unprecedented boom and sanity in the Nigerian economy.
He made …
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The Central Bank of Nigeria (CBN) has set out a provision of a valid court Order as one of the pre-requisite for the release of Bank Verification Number (BVN) information to …
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The former deputy governor of the Central Bank of Nigeria and presidential aspirant of the Young Progressive Party, Professor Kingsley Moghalu has stated that the new Coalition of United Political Parties (CUPP) has no agenda to improve the lives of Nigeria, stating that it represents just name...
The Central Bank of Nigeria (CBN) has renewed the mandate of the Board of Skye Bank for additional two years in spite of non-availability of financial statement for 2016 and 2017.
The Board has M.K Ahmad and Tokunbo Abiru as its chairman and group …
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The Central Bank of Nigeria has introduced the yuan to Nigerians importing goods from China – The apex bank is wooing local business owners to use the yuan when importing from China – According to the bank, using …
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The value of the naira at the Nigeria Autonomus Foreign Exchange (NAFEX) market weakened last week compared to what it closed the previous week as inflow from the window dropped to $796.02 million...
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Nigeria’s total export earnings increased by 10.2 per cent to $14.394 billion in the first quarter (Q1) of 2018 compared with the $12.925 billion recorded in Q4 2017.
The Central Bank of Nigeria (CBN) disclosed this in its Q1 2018 ‘Brief on Balance of Payments Statistics,’ posted on its ...
The Chairman, Senate Committee on ICT and Cyber crimes, Senator Abdulfatai Buhari, has chided the Central Bank of Nigeria (CBN) for refusing to participate in the on-going 2018 legislative stakeholder conference …
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Maduka Nweke The Federation Accounts Allocation Committee (FAAC) disbursed the sum of N289.04 billion to the Federal Government in May.
This is as a civic organisation has said that only 15 out of the 36 states of the country, representing about 46 per cent, have published their …
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President Muhammadu Buhari has reportedly approved the appointment of four new Non-Executive Directors of the Central Bank of Nigeria, CBN, and two new Chief Executive Officers for some federal agencies.
Vanguard reports that the president has equally approved the …
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The local currency maintains the same rate against Dollar at parallel market.
The local currency, however, appreciated against...
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Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN has said it will incentivise importers and traders who tender their invoices in Renminbi (RMB).
This was revealed at the …...
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The Central Bank of Nigeria (CBN) on Friday published the long-awaited regulatory guidelines for prospective operators under the bilateral currency swap agreement between Nigeria and China. The guidelines titled: “Regulations for Transactions with Authorised Dealers in Renmnbi” was signed by CBN...
The Central Bank of Nigeria (CBN) on Friday published the long-awaited regulatory guidelines for prospective operators under the bilateral currency swap agreement between Nigeria and China. The guidelines titled: “Regulations for Transactions with Authorised Dealers in Renmnbi” was signed by CBN...
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