central bank of nigeria news
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Business CBN injects $327m, CNY 69m into Retail SMIS – TODAY.NG
The Central Bank of Nigeria (CBN), on Friday, August 10, 2018, injected the sum $327,440,499.50 into the interbank retail Secondary Market Intervention Sales.... Read more via TODAY.NG – https://ift.tt/2vRpcP2 Get more: Nigeria Business News- curator
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Business CBN, LYNX Pushes For More Financial Devt For Nigerian Youths – Leadership Newspaper
The Central Bank of Nigeria (CBN), and Linking the Youth of Nigeria through Exchange (LYNX), have identified the diversification of means of approach towards educating the Nigerian youths to become financial literate in order to develop self-sustainability at a young age of paramount importance...- curator
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Business Stakeholders await CBN directives on sale of commercial paper – – The Sun News
Two weeks after the Central Bank of Nigeria (CBN), announced its readiness to buy Commercial Paper (CP), from large companies in order to lend to them at single digit interest rate, some of the firms are still awaiting its directives..... Read more via – The Sun News – https://ift.tt/2ONXD1T...- curator
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Politics Moghalu to float N1tr VC fund for small businesses if elected – BusinessDay News
A presidential aspirant and former deputy governor of Central Bank of Nigeria (CBN), Kingsley Moghalu has pledged N1 trillion venture capital and credit fund that would fast-track and guarantee access to finance for small businesses if elected. Muoghalu who was a guest speaker at … Read more...- siteadmin
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Metro NECAS/CBN Distribute Farm Inputs to 27,000 Farmers in North East – Thisdaylive
North East Commodity Association (NECAS) in collaboration with the Central Bank of Nigeria (CBN) has commenced the distribution of farming inputs for 2018 wet season to 27,000 farmers in the region. The National president NECAS, Alhaji Sadiq Deware, who stated this in Gombe during the …...- mrsam
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Business CBN committed to economic well-being of Nigerians – Topix News
The Central Bank of Nigeria, CBN, yesterday restated its commitment to the economic well-being of all Nigerians. The participants were assured that the apex bank will commence the circulation of a lower denomination of the Naira notes to end the scarcity of these notes. Read more via...- curator
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Politics Restructuring: Implement APC committee’s report – Soludo sends crucial message to FG – Naija.ng
A former governor of the Central Bank of Nigeria (CBN), Prof Charles Soludo, on Wednesday, August 1, called on the federal government to implement the All Progressives Congress (APC) committee’s report on restructuring as a step to re-position the country.... Read more via Nigeria News today...- siteadmin
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Business Forex: Naira Lifted With $210m CBN Injection – Leadership Newspaper
The Central Bank of Nigeria (CBN) says it has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market this week. The CBN, in its quest to meet customers’ needs in the various segments of the market offered $100million to … Read...- curator
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Business $2.5bn currency swap’ll boost reserves — Experts – Punch Newspapers
As the Central Bank of Nigeria begins the implementation of the $2.5bm currency swap agreement, financial experts have said that the deal would rapidly boost Nigeria’s foreign reserves position within the next few weeks. The analysts said this during separate telephone interviews with our...- curator
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Business CBN Is Crafting Guidelines To Regulate Fintechs In Nigeria – Leadership Newspaper
Director, Banking and Payment System Central Bank of Nigeria (CBN), Mr. Dipo Fatokun who also doubles as the chairman of the Nigerian Electronic Fraud Forum (NeFF), in this interview on the sidelines at the unveiling of the 2017, NeFF Annual Report, spoke on the measures being taken to … Read...- curator
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Business CBN injects $340m, CNY 69m into retail SMIS – BusinessDay
Following last week’s take-off of its intervention in the sale of foreign exchange in Chinese Yuan (CNY), the Central Bank of Nigeria (CBN), on Friday, July 27, 2018, injected the sum $340, 507, 376.51 into the interbank retail Secondary Market Intervention Sales. This is … Read more via...- curator
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Metro CBN decries rising naira abuse – Punch Newspapers
The Central Bank of Nigeria has decried the growing abuse of the naira through squeezing, selling, spraying and marching on foot while dancing at public functions as well as hoarding by some citizens. The CBN Governor, Mr Godwin Emefiele, warned that henceforth culprits caught in … Read...- mrsam
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Business CBN MPC Unveils New CRR Backed Lending, Leaves Key Rates Unchanged report – Channels Television
Read more via Channels Television – For more information log on to https://ift.tt/14IOmMK Get more: Nigeria Business News- curator
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Business CBN holds monetary policy rate at 14% – Punch Newspapers – Punch Newspapers
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex … Read more via Punch Newspapers –...- curator
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Business Ending Excessive Bank Charges – Leadership Newspaper
Recently, the Central Bank of Nigeria (CBN) claimed to have recovered over N65billion as illegal charges wrongfully deducted from customers’ deposits and other transactions within the banking system. The apex bank said that the money was recovered from commercial banks and had since been...- curator
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Business CBN Is Crafting Guidelines To Regulate Fintechs In Nigeria – Leadership Newspaper
Director, Banking and Payment System Central Bank of Nigeria (CBN), Mr. Dipo Fatokun who also doubles as the chairman of the Nigerian Electronic Fraud Forum (NeFF), in this interview on the sidelines at the unveiling of the 2017, NeFF Annual Report, spoke on the measures being taken to …...- curator
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Business Illegal Deductions: CBN Returns N65bn To Bank Customers – Nairaland
The Central Bank of Nigeria says it has recovered over N65bn from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years. The Acting Director, Corporate Communications, … Read more via Nairaland –...- curator
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Metro Reps Order Immediate Withdrawal Of Dirty Naira Notes From Circulation – Leadership Newspaper
The House of Representatives yesterday urged the Central Bank of Nigeria (CBN) to commence immediate withdrawal of mutilated naira notes from all banks, and replace them with new notes, especially the N100 notes. The House also mandated its Committee on Banking and Currency to investigate the...- mrsam
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Business Less than 1% MfBs has national licences – Vanguard News
Less than one percent of Microfinance Banks, MfBs, licenced by the Central Bank of Nigeria, CBN, have national licence to operate in the country. Data obtained from the CBN website showed that out of the 1,028 MfBs licenced … Read more via Vanguard News – https://ift.tt/2L5qAXY Get more...- curator
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Business Despite Drop in NPLs, Banks Still Cautious about Lending – Thisdaylive
The Central Bank of Nigeria (CBN) has revealed that the level of banking sector non- performing loans (NPLs) has declined from as high as 16.21 per cent it was … Read more via Thisdaylive – https://ift.tt/2L0mZY5 Get more: Nigeria Business News- curator
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