central bank of nigeria (cbn) news
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Business Naira depreciates against dollar at investor’s window – TODAY.NG
Naira on Friday depreciated marginally against the US dollar at the investors’ window, exchanging at N362.64 compared to N362.32 posted on Thursday. The Nigerian currency, however, remained stable... Read more via TODAY.NG – https://ift.tt/2NC1xdd Get more: Nigeria Business News- curator
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Business MTN kicks against $8.1bn demand, says all dividends were approved by CBN – TheCable
MTN Nigeria says all dividends it paid to its shareholders between 2007 and 2015 were approved by the Central Bank of Nigeria (CBN). The telco was reacting to the claim by the... Read more via TheCable – https://ift.tt/2LGscnr Get more: Nigeria Business News- curator
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Business MTN shares plunge to nine-year low after CBN sanction – TheCable
Shares belonging to MTN have taken a big knock after sanctions by the Central Bank of Nigeria on allegations that the company illegally repatriated $8.1 billion. Early trading on the Johannesburg Stock Exchange... Read more via TheCable – https://ift.tt/2N3lPiD Get more: Nigeria Business News- curator
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Business CBN imposes N5.87 billion fine on Stambic IBTC, Diamond bank, two others – Daily Post Nigeria
The Central Bank of Nigeria, CBN, has imposed a total fine of 5.87billion on four banks in the country. They were accused of flagrant violation... Read more via Daily Post Nigeria – https://ift.tt/2wmsPhd Get more: Nigeria Business News- curator
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Metro No president influenced me as CBN gov — Sanusi – Vanguard Newspaper
Emir of Kano, Sanusi Lamido Sanusi, has said no President influenced his decisions unduly while he was governor of Central Bank of Nigeria, CBN. He disclosed this in an interview with CNBC Africa at the annual conference of the Nigerian Bar Association … Read more via Vanguard Newspaper –...- mrsam
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Business CBN sanctions MTN, four banks; demands refund of illegally repatriated N3.09 trillion – Premium Times Newspaper
The Central Bank of Nigeria (CBN) on Wednesday wielded the big stick on mobile telecom firm, MTN Nigeria Communications Limited, and four commercial banks for alleged financial infractions.... Read more via Premium Times Newspaper – https://ift.tt/2wpVNfZ Get more: Nigeria Business News- curator
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Business CBN Fines Four Banks N5.87bn, Asks MTN To Return $8.1bn – Channels Television
The Central Bank of Nigeria has slammed fines totalling over N5 billion on four banks “for breaching Nigeria’s forex regulations” and asked MTN Nigeria Communications Limited to refund $8.134 billion. All four banks – Standard Chartered, Stanbic IBTC, Citibank... Read more via Channels...- curator
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Business Kaduna Dry Port Exports 5 Containers Of Ginger Weekly – Nairaland
The Executive Secretary, Nigerian Shippers Council (NSC), Bar. Hassan Bello has said the Kaduna Dry Port now exports at least five containers of ginger weekly at the facility. Mr. Hassan Bello told our correspondent in Abuja... Read more via Nairaland – https://ift.tt/2BGALPr Get more...- curator
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Business CBN Pumps $543m, CNY 63m into Forex Market – The Guardian Nigeria Newspaper
In another major round of interventions, the Central Bank of Nigeria (CBN), on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and... Read more via The Guardian Nigeria Newspaper – https://ift.tt/2BMdBag Get more: Nigeria Business News- curator
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Business Electricity generation firms give conditions to avoid shutdown – Premium Times Newspaper
Following last week’s warning of an imminent nationwide blackout in the country, electricity generation companies (GENCOs) on Sunday gave conditions the federal government have.... Read more via Premium Times Newspaper – https://ift.tt/2Ppcdgz Get more: Nigeria Business News- curator
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Business Currency swap will not cover substandard good, says CBN – The Nation Nigeria
The Central Bank of Nigeria (CBN) said the currency swap agreement recently reached with the People’s Bank of China (PBoC), will not cover the importation of substandard... Read more via The Nation Nigeria – https://ift.tt/2nMp14h Get more: Nigeria Business News- curator
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Business Finance: Nigeria loses $260 million in foreign reserve in one week – Pulse.ng
Nigeria’s foreign exchange reserves dipped by $260 million in the first seven days of August 2018, according to Central bank of Nigeria (CBN) data seen... Read more via Pulse.ng – https://ift.tt/2OY3aDk Get more: Nigeria Business News- curator
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Business Naira Weakens Marginally Against Dollar At Parallel Market – Leadership Nigeria Newspaper
The Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in.... Read more via Leadership Nigeria Newspaper – https://ift.tt/2M1TCcl Get more: Nigeria Business News- curator
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Business Finance: Nigerian Naira remains stable as the Central Bank injects $210 million into the forex market – Pulse.ng
Central bank said the intervention was meant to boost forex availability and also meet customers’ requests in various segments of the market. Nigeria’s Central Bank has injected the... Read more via Pulse.ng – https://ift.tt/2M54zK8 Get more: Nigeria Business News- curator
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Business Forex: CBN Intervenes with Fresh $210m – Thisdaylive Newspaper
In another round of intervention, the Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million into the interbank foreign exchange market to ensure the... Read more via Thisdaylive Newspaper – https://ift.tt/2Om3Elo Get more: Nigeria Business News- curator
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Business N840bn Inflow To Drive Liquidity At Money Market – Leadership Nigeria Newspaper
With over N840 billion expected to hit the financial system this week through inflows from matured bills and Federal Accounts Allocation Committee (FAAC), liquidity in the... Read more via Leadership Nigeria Newspaper – https://ift.tt/2LJBXFF Get more: Nigeria Business News- curator
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Business External reserves drop to three-month low – Punch Nigeria Newspapers
The nation’s foreign exchange reserves have dropped to a three-month low of $47.303bn, data from the Central Bank of Nigeria showed on... Read more via Punch Nigeria Newspapers – https://ift.tt/2LFqF50 Get more: Nigeria Business News- curator
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Business Banks’ contract staff sign anti-money laundering oath – Newtelegraph
Some Deposit Money Banks (DMBS) in the country have started making their contract staff to sign the Anti-Money Laundering/Counter Financing.... Read more via Newtelegraph – https://ift.tt/2mD3zhm Get more: Nigeria Business News- curator
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Business Discos: We Were Entitled to Only N58bn of CBN’s Power Sector Fund – Thisdaylive Newspaper
The electricity distribution companies (Discos) have said the Central Bank of Nigeria (CBN) reserved just about N58.45 billion or 27.75 per cent of its N213 billion power sector intervention fund for the Discos, while the balance went to generation companies (Gencos) and gas suppliers. The …...- curator
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Business CBN Directs Banks to Bid for First Chinese Yuan Auction – Thisdaylive Newspaper
The Central Bank of Nigeria (CBN) yesterday commenced its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the.... Read more via Thisdaylive Newspaper – https://ift.tt/2JH3IJU Get more: Nigeria Business News- curator
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