central bank of nigeria (cbn) news
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Business CBN tightens noose on milk importation – Newtelegraph
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) in the country to stop the processing of milk and its related products on “Bills for Collection basis,” which allowed the importer to buy on credit.... Read more via Newtelegraph – https://ift.tt/2MJFIeP Get more...- Nigeria Business News
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Business Banks responsible for N1.79tn non-performing loans – AMCON boss – Naijabizcom
Deposit money banks (DMBs) in the country are largely responsible for the huge portfolio of over N1.79trillion non-performing loans, the Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has said..... Read more via Naijabizcom – https://ift.tt/2ZuZCfv Get...- Nigeria Business News
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Business CBN Injects $297.92 Into Secondary Market – Nairaland
The Central Bank of Nigeria (CBN), has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Friday.... Read more via Nairaland –...- Nigeria Business News
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Metro President Buhari: We’ve invested about N1.3 trillion on education since 2015 – TODAY
President Muhammadu Buhari says his administration has invested close to N1.3 trillion in the education section since he came into office in 2015. The figure is exclusive of funds spent on overhead and.... Read more via TODAY – https://ift.tt/2Zat27n Get More Nigeria Metro News- Nigeria Metro News
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Business 5 things Buhari’s new Finance Minister must do within 100 days – Nairametrics
Nigeria’s President Muhammadu Buhari will likely assign portfolios to ministers this week. Among the most anticipated appointments will be the office of the Minister of Finance. ... Read more via Nairametrics – https://ift.tt/30eswBS Get more: Nigeria Business News- Nigeria Business News
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Business Stakeholders seek clarification of forex ban for food import – Naijabizcom
Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not.... Read more via Naijabizcom – https://ift.tt/2z3lxjj Get more: Nigeria...- Nigeria Business News
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Metro Apply same measure to Dangote – Ali Baba reacts to Buhari’s order to CBN on forex, food importation – Daily Post Nigeria
Popular Comedian, Alibaba has reacted to President Muhammadu Buhari’s warning to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for importation of food into the country.... Read more via Daily Post Nigeria – https://ift.tt/2Z3u3NX Get More Nigeria Metro News- Nigeria Metro News
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Politics No forex for food importation, Buhari directs CBN – Premium Times Nigeria
President Muhammadu Buhari has directed the Central Bank of Nigeria not to provide foreign exchange for the importation of food, saying his administration has achieved food security.... Read more via Premium Times Nigeria – https://ift.tt/2yXGKew Get More Nigeria Political News- Nigeria Political News
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Politics President Buhari Issues Stern Warning To CBN, Meets APC Governors – Nairaland
President Muhammadu Buhari, Tuesday, in Daura, Katsina State, has disclosed that he has warned the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the.... Read more via Nairaland – https://ift.tt/2OSdXmh Get More Nigeria Political News- Nigeria Political News
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Business CBN warns banks against enforcing insurance cover on borrowers – Nairametrics
In a bid to ensure that financial institutions comply with its specific requirements for loan disbursement, the Central Bank of Nigeria (CBN) has warned banks not to enforce insurance on borrowers.... Read more via Nairametrics – https://ift.tt/2ySYs2H Get more: Nigeria Business News- Nigeria Business News
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Business CBN predicts Nigeria’s inflation to remain double digit – Nairametrics
Though inflation dropped by 0.18 points in June 2019, the Central Bank of Nigeria (CBN) has revealed that Nigeria’s economy will continue to witness double-digit inflation throughout 2019..... Read more via Nairametrics – https://ift.tt/2Ydh47T Get more: Nigeria Business News- Nigeria Business News
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Business CBN maintains rates, keeps MPR constant at 13.5% – Nairametrics
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has maintained a hold in Monetary Policy Rate (MPR) at 13.50%. Also, other parameters such as CRR, Liquidity ratio, and asymmetric corridor were equally held constant.... Read more via Nairametrics –...- Nigeria Business News
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Politics Breakdown Of Corruption Charge Faced By Senator Goje – Nairaland
The senator representing Gombe Central Senatorial District, Danjuma Goje, has said at no time did he faced corruption charge totaling N25 billion. Mr Goje, a former governor of Gombe State, disclosed this in a statement..... Read more via Nairaland – https://ift.tt/2Y1DiJY Get More Nigeria...- Nigeria Political News
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Metro Eight persons arrested over sale of naira notes, N2.4m recovered – Vanguard News
Eight persons were arrested weekend, over illegal sales of the naira notes, in Ikeja area of Lagos, with the recovery of N2.4 million ‘mint’. Naira The suspects, four men and four women as gathered.... Read more via Vanguard News – https://ift.tt/2Sou9dn Get More Nigeria Metro News- Nigeria Metro News
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Business Ogun Earmarks 40,000 Hectares of Land for Farmers – Thisdaylive Newspaper
The Ogun State Government yesterday disclosed that said 40,000 hectares of land would be made available to enable farmers engage all season farming in its bid to make the state the food basket of the nation and ensure food security.... Read more via Thisdaylive Newspaper –...- Nigeria Business News
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Business Despite NNPC’s denial, a new fuel price regime appears imminent – Nairametrics
The Nigerian National Petroleum Corporation (NNPC) may have dismissed reports suggesting that a new Petrol (Premium Motor Spirit) pump price is on the way, but recent developments indicate that a new price regime appears imminent. The NNPC Group General Manager, Group Public Affairs Division...- Nigeria Business News
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Business CBN’s decision to force bank lending is crushing banking stocks – Nairametrics
First, it was N116.2 billion and then shivers as investors wondered what just ensued. By the close of business on Tuesday the losses had parred to N76.5 billion..... Read more via Nairametrics – https://ift.tt/2Lbv8wv Get more: Nigeria Business News- Nigeria Business News
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Business Nigeria’s central bank orders banks to lend or face sanctions – Africanews
Nigeria’s central bank will try to force banks to lend more or face higher cash reserve requirements, part of a series of measures aimed at reviving an economy stuck with low growth... Read more via Africanews – https://ift.tt/2YCR32D Get more: Nigeria Business News- Nigeria Business News
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Business Nigeria Customs Service impounds textile materials worth over N11 billion – Nairametrics
The Nigeria Customs Service (NCS) has disclosed that it impounded 140 bundles of smuggled textile materials worth N11.2 billion in Lagos. The customs said that the officers attached to... Read more via Nairametrics – https://ift.tt/2YDL4e4 Get more: Nigeria Business News- Nigeria Business News
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Business Insurance Stakeholders Back Recapitalisation Exercise – Leadership Newspaper
Insurance stakeholders, comprising the Chartered Insurance Institute of Nigeria (CIIN), the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Institute of Loss Adjusters of Nigeria (ILAN) have backed the insurance industry regulatory body over the.... Read more via Leadership...- Nigeria Business News
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