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Cbn new forex policy


Cbn new forex policy. ... of Nigeria (CBN) will help shore up the naira, an official of the bank Feb 21, 2017 On Monday, 20th February 2017, the Central ...
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CBN Vows To Sanction Banks Hoarding Forex


ABUJA,  (Sundiata Post) — The Central Bank of Nigeria (CBN) has warned of severe consequences for any financial institution in the country that hoards foreign exchange from potential customers. Spokesman of the CBN, Mr. Isaac Okorafor, said in an interview on Friday intervention strategy of the apex bank is ...
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CBN Warns Banks, Hoard Forex, Face Stiff Sanctions


The Central Bank of Nigeria (CBN) will not hesitate to impose stiff sanctions against any financial Institution caught flouting its directive on Forex management. This was according to CBN’s Acting Director, Corporate Communications, Isaac Okorafor, who on Friday stated that the apex bank has its eagle eye on commercial banks ...
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CBN threatens stiff sanctions against banks hoarding forex


  The Central Bank of Nigeria (CBN) has warned of stiff sanctions against any financial institution in the country that hoards foreign exchange from potential customers. Our correspondents investigations revealed that the CBN in the last six months had intervened in the foreign exchange market to the tune of ...
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CBN’s $4bn offer in new forex deal pushes Naira to N282 to dollar


CBN's $4bn offer in new forex deal pushes Naira to N282 to dollar ...
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Naira To Dollar Exchange Rate Today


Author: Updated: September 22, 2017 Views: The Nigerian Currency, Naira on Thursday lost some value against the US dollar at the parallel market, exchanging at N365.5 to the dollar.
Naija News learnt that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the ...
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Naira Depreciates Again Despite CBN Intervention


All efforts by the Central Bank of Nigeria to have the naira attain a stable point is yet hold meaningful results as its value is still unstable and unpredictable.Records from the Investors and Exports (I&E) Foreign Exchange, forex Window shows that the naira depreciated by 8 Kobo/dollar to N360.33/dollar.Data ...
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CBN sells additional N207bn T-bills to support naira | NigerianTell


New Telegraph (Yesterday) The Central Bank of Nigeria (CBN) sold N207 billion in treasuries yesterday to mop up liquidity, a day after it raised more money than planned via a debt auction as it moved to keep borrowing costs high to support the currency, traders said. The Apex bank ...
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Firms complain of naira shortage to buy dollars – Similar News


Go! Firms complain of naira shortage to buy dollars – Similar ...
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Naira to take cue from MPC decision next Tuesday – Punch Newspapers


Oyetunji Abioye The naira is expected to trade little change against the United States dollar next week as investors await the Central Bank of Nigeria’s Monetary Policy Committee decision on interest rate on Tuesday. After its two-day bi-monthly meeting held on Monday and Tuesday, the CBN Governor, Mr. Godwin ...
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Firms complain of naira shortage to buy dollars – Punch Newspapers


Oyetunji Abioye with agency report A Central Bank of Nigeria requirement that companies back forward dollar purchases with naira is drying up supplies of the local currency. The development has helped to underpin a 2.1 per cent gain since the naira fell to a record low against the greenback ...
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CBN sells more treasuries as moves to support naira – MetroBusinessNews


Nigeria’s central bank sold 207 billion naira in treasuries on Thursday to mop up liquidity, a day after it raised more money than planned via a debt auction as it moved to keep borrowing costs high to support the currency, traders said. The bank is aggressively mopping up funds ...
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The CBN’s New Confidence in FX Policy – InvestAdvocate


Culled—Proshare September 21, 2017/FBNQuest Research Our chart captures exchange-rate movements over the past two years, marked initially by the fx scarcity triggered by the oil price slide in mid-2014. The differential between the rates (official and bureaux de change) initially narrowed with the liberalization of June 2016 that was ...
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Naira depreciates marginally against dollar — Business — The Guardian Nigeria Newspaper – Nigeria and World News


The Naira on Thursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar. The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and ...
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Naira maintains N367 strength against Dollar at parallel market ▷ NAIJ.COM


- The local currency stays unchanged against Dollar for the third time this week at parallel market - The local currency however appreciated against Pound - The Naira closed at N367 to a Dollar, while the Pound and the Euro traded at N487 and N436, respectivelyThe Nigerian Naira on Thursday, ...
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After Recession : Nigeria Needs Policy ChangeNaija247news


We expect the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to hold rates at the current levels, while the fiscal authority continues to implement policy measures to sustain more growth. The MPC is scheduled to meet on September 25 and 26, 2017. The current tight ...
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WEEKAHEADFX: Analysts see CBN’s MPC hold rates at 14% as Naira trades little changeNaija247news


A  poll analysts predicted rates would stay on hold at 14 percent. Meanwhile Nigerian naira is expected to trade little changed next week as investors await the central bank’s decision on interest rate on Tuesday, which could affect portfolio inflows and currency market liquidity. The naira traded at around ...
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A Need for Policy Change?


Thursday, September 21, Array/9:19 AM/ FSDHWe expect the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to hold rates at the current levels, while the fiscal authority continues to implement policy measures to sustain more growth. The MPC is scheduled to meet on September 25 and 26, ...
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Unintended Result of Nigerian Dollar Hunt Is Naira Shortage


Growth in credit extended to the private sector slowed to 0.9 percent this year through July, compared with 19.8 percent in 2016, according to central bank data. Policy makers need to tackle a lot more than dollar liquidity to bolster economic growth and reduce the country’s dependence on oil, Abimbola ...
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CBN Governor Identifies challenges facing Mortgage Financing | FINANCIAL WATCH


The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has identified various bottlenecks hindering genuine investors and by extension free flow of funds into the mortgage sector. The central bank governor while delivering a keynote address at a workshop for judicial officers on mortgage, with the theme: ‘Mortgage ...
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Foreign investors drive treasury bills subscription in excess of N418bn


By Peter Egwuatu
CENTRAL Bank of Nigeria, CBN, yesterday, raised N215.9 billion from an auction of the Nigerian Treasury Bills, which was N75 billion more than the N140.9 billion it originally planned to raise. The total subscription at the auction stood at N559 billion, which was about, N418.1 billion or ...
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CBN raises N216bn in oversubscribed Treasury bills – Nigeria News Today 2017


The Central Bank of Nigeria (CBN) on Wednesday raised N215.88 billion at the treasury bill auction, N75 billion more than originally planned, after it received subscriptions for almost four times the amount of debt initially on offer, traders said.
The breakdown showed that the one-year paper accounted for most of ...
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