cbn news
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Meet Adebisi Shonubi the newly appointed CBN Deputy Governor – Nairametrics News
Adebisi Shonubi President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor of ... Read more via Nairametrics – https://ift.tt/2JBABM3 Get more: Nigeria Business News- curator
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Business CBN injects $210m to strengthen Naira – NaijaBizCom.Com
The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the system. The Acting Director, Corporate Communications, Mr Isaac Okorafor, disclosed this in a statement in Abuja, on Tuesday. Read more via...- curator
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CBN Captures 31million Nigerians In BVN Project – Leadership Newspaper
About 31 million bank account holders in the Nigerian banking sector have been put under the Central Bank of Nigeria-initiated Bank Verification Number (BVN). The initiative was introduced to ensure unique identifier in the Nigerian banking industry, address the absence of a unique identifier in...- curator
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CBN Seeks End To Naira Mutilation – Nairaland
The Central Bank of Nigeria (CBN) has said that it is working with market associations and other stakeholders to enhance the circulation of new naira notes. The move, according to the central bank, was part of efforts to ensure that the high incidence of dirty naira notes and currency …...- curator
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Politics Senate summons Emiefele, Adeosun, Dan-Ali over alleged illegal withdrawal of $462m - Premium Times
The Senate on Tuesday summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele; the Minister of Finance, Kemi Adeosun; and the Minister of Defence, Mansur Dan-Ali to give reasons for withdrawing $462 million from the Federation Account without the approval of the Senate. The...- siteadmin
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Business CBN, banks plan N60 billion stimulus to boost economy – The Sun News
The Central Bank of Nigeria (CBN) and the Deposit Money Banks (DMBs) are fine-tuning plans to disburse N60 billion, being five per cent of their profit to buoy various developmental initiatives of the Federal Government. Read more via The Sun News – https://ift.tt/2GHc9YU Get more: Nigeria...- curator
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Business Experts kick as CBN retains 20 months old MPR at 14 per cent – The Guardian Nigeria
As the Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR), the rate at which the CBN lends money to commercial banks, at 14 per cent against industry watchers expectations, some economists are forecasting a continuous contraction in the real sector of the Nigerian...- curator
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Business CBN: Banks refund N7.21bn, $2.40m to customers – Newtelegraph
Lenders’ non-performing loans hit N2.4trn Nigeria’s debts rises to N11.9trn As part of its continuing efforts to Emefiele ensure consumer protection, the Central Bank of Nigeria (CBN) directed financial institutions to refund N7.21 billion, $2.40 million and €6,940, to customers between January...- curator
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Politics Reps probe $5bn under remittance by CBN – Vanguard News
THE House of Representatives ad-hoc committee constituted to probe the Central Bank of Nigeria, CBN, for alleged under remittance of over $5 billion into the federation account began work,weekend. The committee, chaired by Chairman, House Committee on Customs, James Faleke, has fashioned out a...- siteadmin
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Business CBN Injects $210m Into Forex Market As Naira Weakens To N305.7/$ – Leadership Newspaper
The Central Bank of Nigeria (CBN) yesterday injected $210 million into various segments of the inter-bank market as the value of naira dipped to N305.70 to the dollar at the official window. The naira which closed last week Friday at N305.65 to the dollar at CBN window before dropping … via...- curator
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Business CBN Removes 36 Sub-items From Forex Ineligibility List – MAN
The Central Bank of Nigeria (CBN) has expunged 36 sub-items from the broad list of items that were banned from accessing forex from the apex bank’s official window since 2015. The president of the Manufacturers Association of Nigeria (MAN), Frank Udemba-Jacobs, disclosed this at the annual...- ProfRem
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Business Nigeria's Foreign Reserves Hit &$38.2Bn, First Time in 3 Years
The Central Bank of Nigeria has revealed that the nation's foreign reserve has reach $38.2 billion, the first time in nearly three years. The Governor of the Central Bank of Nigeria, Godwin Emefiele made the disclosure at the commissioning of the Blueband margarine production line in Agbara...- ProfRem
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Business UPDATE 1-Nigeria central bank weakens naira to 307/US$ for first time
LAGOS, Dec 4 (Reuters) – Nigeria’s central bank on Monday weakened the naira marginally, selling dollars at 307 Naira each for the first time on the official interbank market, in what traders say could signal a gradual move to merge its multiple exchange rates. Nigeria’s convoluted exchange...- nigerianbulletin247
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Business Nigeria's External Reserves Appreciate To $34Bn
The nation’s external reserves have hit $34bn from $33.6bn attained on October 25, the Central Bank of Nigeria has stated. The reserves have been appreciating very fast after hitting $32bn on September 18. The Deputy Governor, Financial System Stability, CBN, Dr. Joseph Nnanna, who disclosed...- ProfRem
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Business Naira Hits 363 Per Dollar As CBN Pumps $195m Into FX Market
Nigerian naira appreciated to 363 naira to the dollar at the parallel market as Central Bank of Nigeria, CBN, continues to mop up liquidity in the forex exchange market. The currency on Thursday, however, dropped 0.02 per cent at the CBN official market to 305.65 naira to a dollar. At the I&E...- ProfRem
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Business CBN Explains 5 Reasons Why MPC Retained Interest Rate At 14%
The Central Bank of Nigeria (CBN) has explained that the Monetary Policy Committee (MPC) left the monetary policy parameters unchanged to sustain gains so far achieved in inflation and forex stability. The apex bank Governor, Godwin Emefiele, stated this in Abuja after the MPC decisions. He...- ProfRem
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Business 4 Nigerian Banks In Trouble, Fall Below Financial Regulation Standard
Four Nigerian banks are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement, two members of the central bank monetary policy committee said in statements on the bank’s website. They did not name the lenders but said the four banks...- ProfRem
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Business CBN Pumps $195m, Into Forex Market
The Central Bank of Nigeria (CBN) on Monday boosted the forex market by offering a total of $195 million in three segments of the market. In the wholesale segment of the inter-bank Foreign Exchange market, it auctioned $100 million and also intervened in the Small and Medium Enterprises (SMEs)...- ProfRem
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Business Emefiele - Nigeria May Remain In Recession For a Long Time
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) says the country may stay longer in recession for a longer time. Emefiele made the disclosure after the monetary policy meeting on Tuesday in Abuja; THE CABLE reports. The CBN Governor said, “Available forecasts of key...- abujagirl
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Metro CBN Denies Knowledge of $50m Cash EFCC Found in Lagos Apartment
The Central Bank of Nigeria, CBN, has denied knowledge of the pile of cash found by the EFCC at an apartment in Ikoyi, Lagos state. There had been reports that the money was gotten from the CBN. CBN's Director of Information, Isaac Okoraafor, said CBN doesn't know the source of the cash...- LequteMan
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