Showing posts with label CBN. Show all posts
Showing posts with label CBN. Show all posts
Friday, 13 August 2021

N791 billion disbursed to farmers: CBN

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  T he Central Bank of Nigeria (CBN) says it has disbursed N791 billion to over three million farmers across the 36 states under its Anchor ...
Saturday, 1 April 2017

Experts report on why Naira depreciates despite CBN intervention

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By Michael Okakor: The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has blamed t...
Thursday, 9 March 2017

Naira depreciates as central bank moves to intervene again

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The naira on Wednesday depreciated sharply to N465 per dollar in the parallel market due to upsurge in demand for dollars importers t...
Tuesday, 28 February 2017

CBN sells $180 million forex to boost liquidity

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The Central Bank of Nigeria (CBN) yesterday released additional $180 million to the forex market to further ease business transactions ...
Friday, 24 February 2017

Reps chide Emefiele over information on $17bn crude proceeds

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  House of Representatives The House of Representatives yesterday chided the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele...

CBN reintroduces charges on cash deposits, withdrawals

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The Central Bank of Nigeria on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withd...
Saturday, 24 December 2016

Interbank rate jumps to 50% on CBN forex sales

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The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of 4.5 per cent on Thursday, after the Cent...
Monday, 12 December 2016

CBN to unveil N30bn agric/SME fund in January

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Godwin Emefiele The Central Bank of Nigeria has said it will, together with the Deposit Money Banks, set up a new fund to boost agricul...
Monday, 5 December 2016

We’re not allocating dollars, says CBN

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The Central Bank of Nigeria says it is not allocating United States dollars as it has set up an interbank foreign exchange market for...

Expect more policies – CBN tells banking industry

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The Central Bank of Nigeria (CBN) has said it will be churning out more policies in the banking industry to drive the nation towards...
Tuesday, 29 November 2016

Telecoms workers fault CBN gov for urging call tax

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The Nigeria Union of Postal and Telecommunication Employees on Tuesday faulted the Central Bank Governor, Mr. Godwin Emefiele, for ad...
Tuesday, 15 November 2016

CIBN, Skye Bank pledge cooperation

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The Chartered Institute of Bankers of Nigeria is exploring new ways to forge a partnership with Skye Bank Plc and enhance economic gr...
Monday, 14 November 2016

Financial Expert Calls For Customer Protection To Promote Stability

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The Nigeria Deposit Insurance Corporation (NDIC) has organised ...
Friday, 11 November 2016

CBN sets May 2017 for interchange fee regime execution

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The Central Bank of Nigeria (CBN) has set May 1st 2017 for implementation of the new interchange fee regime for operators in the paym...
Monday, 7 November 2016

Naira may not fall below 475

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Economic and financial experts say the naira may not fall below 475 against the United States dollar between now and end of December....
Thursday, 27 October 2016

Naira weakens to 470 on fresh dollar shortage

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The naira tumbled to 470 against the United States dollar on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the ...
Saturday, 22 October 2016

At N300/dollar, no need for fresh devaluation – Emir Sanusi

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The Emir of Kano and former governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi II, has said that the naira, at 300 to a do...
Wednesday, 19 October 2016

Naira shortage pushes interbank rate to 150%

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Two days after commercial banks placed funds with the Central Bank of Nigeria to participate in last Friday’s currency forward auctio...
Friday, 23 September 2016

Economy: CBN Maintains 14% Interest Rate

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Folasade Folarin(NAN): Nigeria’s Central Bank has retained the basic interest rates at 14 per cent. Governor Godwin Emefiele in announ...
Monday, 12 September 2016

Nigeria Spends N596 Billion On Fuel Import in Six Months

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Nigeria, in spite of the declining economic fortunes, spent N595.5 billion on the importation of fuel in the first six months of 2016...