The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF).....
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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....
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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...
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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...
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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...
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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The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018.
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The Central Bank of Nigeria (CBN) on Friday sold a total of $331.41million to players in different sectors in the Retail Secondary Market Intervention Sales (SMIS).
This move was in continuation of its push to guarantee foreign exchange liquidity. Confirming the releases, the Bank’s Acting...
According to him, this will ensure the currency deal does not stifle local companies and make Nigeria a dumping ground for Chinese goods.
The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the …
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Central Bank of Nigeria (CBN) has intervened in the Inter-Bank market to the tune of 364 million dollars to sustain liquidity in the Foreign Exchange (Forex) Market.
Mr Isaac Okorafor, the Acting Director of Corporate Communications Department, CBN said this in a statement on Tuesday in Abuja...
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The Central Bank of Nigeria on Friday sold another $462,336,426.74 to prop up the Naira value and improve consumer prices.
This intervention came after the apex bank sold $194 million on Monday.
Mr. Isaac Okorafor, the Acting Director in charge of Corporate Communications of the Central Bank...
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