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Wanted: A cashless economy or naira redenomination


On that day, I was tempted to commit my first murder at one of the banks. On the counter, I was next to a young boy – a boy no more than 17 years old – who went to withdraw N17million cash. He was politely invited to the back ...
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naira-appreciates-against-dollar-after-cbn-intervention


Home Naira appreciates against the US dollar after CBN intervention naira-appreciates-against-dollar-after-cbn-intervention ...
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MPC to hold rates, consolidate forex gains


The Monetary Policy Committee (MPC) is expected to hold all rates constant, tackle inflation while consolidating on recent gains in the foreign exchange market as they meet tomorrow and next to review recent happenings in the global and domestic space. The Central Bank of Nigeria (CBN) – led MPC ...
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CBN To Keep Reviewing Policies For Better Economy – Emefiele


From left: CBN Governor, Godwin Emefiele; Minister of Finance, Kemi Adeosun; Minister of State for Budget and
National Planing, Hajiya Zainab Ahmed.  Photo: Sumaila Ibrahim/ICE/NAN/fileBy Victor Ernest with agency report Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the apex bank would continue to review its policies ...
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CBN can sustain forex intervention, says Adedipe | NigerianTell


Daily Times (Today) .As total import figure hits N2.2tr in H1 2017 Despite the nation’s total import figure hitting a total sum of N2.2 trillion ($7.218 billion), with an average monthly figure of $2.406 billion as at the first half of 2017, Chief Consultant of Biodun Adedipe Associates Limited, ...
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Nigeria sells Treasury Bills above prevailing rates to attract foreign investments


In its bid to attract more foreign investments and meet its projected 30 per cent increase in dollar supply in the forex market, the Central Bank of Nigeria (CBN) on Friday offered three tranches of Treasury Bills, N145.96 billion naira of the 12-month bill, N26.60 billion of six-month paper ...
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Nigeria’s interbank lending rate up 20% as CBN sells debt and dollarsNaija247news


LAGOS, July 21 – Nigeria’s interbank lending rate rose to around 20 percent, from 5 percent on Thursday, after the central bank sold treasury bills to mop-up excess liquidity and announced plans to sell dollars to businesses. The interbank rate reflects the level of naira cash liquidity in the ...
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2017 Hajj: We won’t sell dollar at N200 to anybody – CBN replies Senate |


Share Tweet Share Share Email Central Bank of Nigeria, CBN on Friday told the Nigerian Senate that it​ has never sold and will not sell dollars to anyone at N200. Senate on Thursday urged the Federal Government to give N200 to dollar concession to the National Hajj Commission ...
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CBN blows past N3 trillion in treasury bills sales, YTD July 2017 alone |


Available data from the Central Bank of Nigeria shows the government via the CBN has sold about N3.1 trillion in treasury bills between January 2017 and July 2017. This is the highest we have seen at this time of the year since we started tracking this data in 2013 ...
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ABCON boss urges CBN to mop up naira, cut interest rate


A financial expert, Alhaji Aminu Gwadabe, has urged the Central Bank of Nigeria to further mop up excess Naira in circulation to sustain its stability. The advice came ahead of the Monetary Policy Committee meeting of the bank scheduled for July 24 in Abuja. Gwadabe, who is President, Association ...
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CBN sells treasuries above inflation to attract dollar inflows flows Business


CBN sells treasuries above inflation to attract dollar inflows flows By News Express on 21/07/2017 Share on Tweet Views: 171
•CBN Governor Godwin Emefiele. Nigeria’s central bank offered six-and 12-month treasuries at yields higher than the country’s inflation rate on Friday to lure yield-hungry investors and attract dollar inflows, ...
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Naira sustains growth against Dollar, Pound as expert advises CBN on next line of actionTrue Viral News


– The Nigerian currency maintained its strengthened rate against the Dollar, Pound and Euro – However, financial expert, Alhaji Aminu Gwadabe has urged the CBN to further mop up excess Naira in circulation to sustain its growth The Naira on Friday, July 21, sustained its appreciated rate in the parallel ...
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Naira Appreciates Slightly Against the Dollar


The Naira appreciated by N1 against the dollar in the parallel market on Thursday as it exchanged for N366/$1, against the N367/$1 it exchanged for on Wednesday. Financial stakeholders have attributed the appreciation of the Naira to the $195 million intervention of the Central Bank of Nigeria (CBN) on ...
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Expert urges CBN to mop up naira


Alhaji Aminu Gwadabe, a financial expert, has urged the Central Bank of Nigeria (CBN) to further mop up excess Naira in circulation to sustain its ...
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A bara, Naira biliyan 12 jama’ar Najeriya suka rasa a damfarar ire-iren su MMM ▷ NAIJ.COM


- An so a hana jama'a shiga tsarin ninka kudinka amma sunka ki ji- An washe da yawa da suka zuba kudinsu a tsarin MMM- Har yanzu ba'a sake jin duriyar su baBabban bankin kasa, wato CBN yayi gargadi ga 'yan Najeriya da su guji shiga harkar kasuwancin da bashi ...
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CBN denies subsidising forex at N200 rate ▷ NAIJ.COM


- Senate asks the federal government to direct the CBN to supply dollars at a subsidised exchange rate intending pilgrims to either to Saudi Arabia or Israel- Senator Adamu Aliero says the apex bank has been allocating foreign exchange to some businesses at N200 to the dollar- CBN denies allocating ...
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CBN sells treasuries above inflation to attract forex flows


Nigeria's central bank offered six-and 12-month treasuries at yields higher than the country's inflation rate on Friday to lure yield-hungry investors and attract dollar inflows, traders said. Severe dollar shortages have been a hallmark of Nigeria's recession, now in its second year. The downturn was brought on mainly by lower ...
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CBN Replies Senate, Says Not Selling Dollars To Anyone At N200 Rate – Politics


The Central Bank of Nigeria, CBN on Friday reacted to claims by the Senate that it is selling dollars to some businesses at an unofficial rate of N200.On Wednesday, the Senate in a resolution asked the Federal Government to direct the CBN to supply dollars at a subsidised exchange rate ...
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CBN replies Senate, says not selling dollars to anyone at N200 rate


The Central Bank of Nigeria, CBN on Friday reacted to claims by the Senate that it is selling dollars to some businesses at an unofficial rate of N200. On Wednesday, the Senate in a resolution asked the Federal Government to direct the CBN to supply dollars at a subsidised ...
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Nigerians criticise Senate for asking CBN to give dollars at N200 for pilgrimage Archives


Nigerians criticise Senate for asking CBN to give dollars at N200 for ... slam Nigeria's forex policy as Naira falls; demand urgent reviewHow CBN gave ...
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Senate threatens to prosecute ‘ports cabal’ over alleged N30trn fraud


The Senate Joint Committee on Customs, Excise and Tariff, has alleged that some people it tagged “port cabal” scammed the country of N30 trillion recently. The Senate has therefore ordered those involved to within four days come clean on what they did with the huge amount or face prosecution ...
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MAN seeks expansion of CBN’s Anchor Borrowers Programme


Related ~ MAN seeks expansion of CBN’s Anchor Borrowers ProgrammeHome • Search • Go to top
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