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Frank Alleges ;Presidency Plans Withdrawal Of $3.5bn From CBN To Fund...

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Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has accused the presidency of plot to withdraw the sum...

CBN Buoys Forex Supply With $210m

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 ABUJA – The Central Bank of Nigeria (CBN) has again intervened in the interbank foreign exchange market by injecting the sum of $210million in...

Forex: CBN Injects $318.03m, CNY 62.18m Into Retail SMIS

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ABUJA – In its last sale before the final Monetary Policy Committee (MPC) meeting for 2018, the Central Bank of Nigeria (CBN) on Friday,...

Nigeria’s Borrowing Costs Hit 37%

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The Federal Government’s domestic borrowing has risen to as much as N947.99 billion as at June 2018, a 37.04% increase from the previous year’s...

Cashless Society: Is Nigeria Winning?

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By Adeniyi Ogunfowoke Technology is forcing both developed and emerging economies to innovate. The cashless society is one such innovation. Cashless society according to Wikipedia describes...

Retail SMIS Get $337.16m, CNY 56.17m Injection

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ABUJA – In its first intervention in the inter-bank foreign market for the month, the Central Bank of Nigeria (CBN) on Friday, November 2,...

Forex: Inter-Bank Market Gets Another $210m Boost

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ABUJA – Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100million as intervention from the Central...

Senate Asks CBN To Suspend ATM Charges, Summons Emefiele

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The Senate has urged the Central Bank of Nigeria (CBN), to suspend the Automated Teller Machine (ATM) card maintenance charges pending outcome of investigation...

CBN Targets Stable Exchange Rate To Protect Naira’s Strength

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A stable exchange rate to avoid depreciation of the naira is Nigeria’s target now, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. He...

Forex: Wholesale Segment, Others Get $210m Boost

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ABUJA – Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100million from the Central Bank of...
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