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CBN Warns Against Abuse Of The Naira | Offenders Liable To N50,000 Fine Or 6-Month …

The Central Bank of Nigeria (CBN) has cautioned members of the public against ill handling of the nation’s currency, adding “that if you are hawking …

CBN boosts liquidity with $240m to retail SMIS

News that are related to the article businessdayonline.com: «CBN boosts liquidity with $240m to retail … Naira firms after CBN boosts forex supply with …

Nigeria: CBN Warns Against Abuse of the Naira

[This Day] The Central Bank of Nigeria (CBN) has urged members of the public to desist from ill handling of the nation s currency, the naira.

Etisalat vs Banks: CBN, NCC intervene to save jobs, Asset Stripping

Etisalat vs Banks: CBN, NCC intervene to save jobs, Asset Stripping … a total of about 574 million dollars, if the naira portion is converted to dollars”.

Dollar to naira exchange rate

Nigerian Naira (NGN) and United States Dollar (USD) Currency Exchange Rate … Dollar to Naira Exchange Rate Today (Black Market and CBN …

CBN, EFCC set to probe banks over kidnap kingpin’s deals

Some commercial banks allegedly used by billionaire kidnapper, Chukwudubem Onwuamadike  (aka Evans), for ‘business’ transactions may be questioned by the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC), The Nation has learnt. The names of the banks and their levels of involvement will be determined by the investigators. The lenders […]

CBN sought to prevent Etisalat Nigeria job losses, asset stripping over loan defaultNaija247news

ABUJA, June 23 – Nigeria’s central bank said on Friday it had intervened in talks after telecommunications firm Etisalat Nigeria defaulted on a $1.2 billion loan because it sought to prevent job losses and asset stripping. Talks between Etisalat Nigeria and 13 lenders to restructure the $1.2 billion loan agreed in 2013 failed to produce […]

Loan Scandal: CBN Browbeats Banks As ETISALAT Proposes Paying Only 10% Of Bad LoansNaija247news

The crisis confronting debt-ridden Etisalat, one of Nigeria’s biggest telecom companies, took a disturbing turn yesterday, with the Central Bank of Nigeria (CBN) urging a consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company. Two banking sources, including one present at […]

CBN boosts liquidity with $240m to retail SMIS – Nigeria News by PRESS

PRESS.COM.NG You know you want the news, and you want it straight. We bring you all the headlines from the major news papers in a digest format with direct links to the news page from the sources. PRESS is updated every minute, and it is organized to give you instant overview to at least 10 […]

WEEKAHEAD FX: Naira seen trading on prevailing level as CBN injects more dollar liquidityNaija247news | Wetinberate| Realtime Naira Exchange Rates

Nigerian naira notes are seen in this picture illustration March 15, 2016. REUTERS/Afolabi Sotunde/Illustration/File Photo – RTSFNNR Lagos Nigeria, June 22, 2017. Nigerian naira is seen trading around the prevailing level on both the black market and official interbank window as the central bank continue to inject more dollar liquidity to support the local currency. […]

CBN pumps $240m into FX market ahead of Eid-el-Fitr

The Central Bank of Nigeria (CBN) on Friday, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals. The dollars were offered for the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the federal government to […]

Forex: CBN allocates $240m to Retail SMIS

ABUJA – In the last trading day before the June 26 and 27, 2017 declared by the Federal Government to commemorate the Eid-el-Fitr, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals. The […]

Dollar to Naira black market rate today Friday, 23rd June 2017

Dollar to Naira black market rate today Friday, 23rd June 2017 Naira ends week on stable note Dollar to Naira black market rate today Friday, 23rd June 2017 is N364/N369.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. […]

UPDATE 1-Nigeria’s central bank sought to prevent Etisalat Nigeria job losses over default | Agricultural Commodities | Reuters

(Adds details, quotes, background) ABUJA, June 23 (Reuters) – Nigeria’s central bank said on Friday it had intervened in talks after telecommunications firm Etisalat Nigeria defaulted on a $1.2 billion loan because it sought to prevent job losses and asset stripping. Talks between Etisalat Nigeria and 13 lenders to restructure the $1.2 […]