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CBN revokes licences of nine banks – The Eagle Online


The National Association of Micro Finance Banks on Monday said nine out of the 34 micro finance banks in Niger State have lost their operational banking licences.Sado Daniel, the North Central Secretary of the association, said this in Bida while inaugurating a micro-finance bank established by the Federal Polytechnic, Bida.Daniel ...
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Experts Foresee Prolong Stability Of Naira, Call For More Diversification Efforts


Some financial experts on Monday foresee a prolong stability of the naira and urged the Federal Government to capitalize on it to invest more on its diversification programmes.
They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the call was necessary ...
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9 microfinance banks fail CBN’s regulation exercise


The Secretary of the Association of Microfinance Banks, Central Bank of Nigeria (CBN) North-central Zone, Tsado Daniel has disclosed that the apex bank’s hammer fell on nine microfinance banks in Niger State. Daniel said the banks fell short during the regulation exercise carried out by the CBN. While making ...
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CBN sets ₦6bn minimum capital requirement for Mortgage Guarantee companies


The Central Bank of Nigeria has set the minimum capital requirement for the operation of Mortgage Guarantee Companies at 6bn (six billion Naira.) ...
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EXCLUSIVE: CBN does NOT have power to sanction us, MTN tells court


MTN Nigeria has told the federal high court sitting in Lagos that the Central Bank of Nigeria (CBN) does not have the power to impose sanctions on it, according to court papers sourced by TheCable.MTN also said it was not accused of any wrongdoing or invited to be a ...
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How CBN has been lagging on its own financial inclusion drive


Recent data suggest that the Central Bank of Nigeria (CBN) has been lagging in its drive to achieve 80% financial inclusion in Nigeria. In order to achieve its objectives, the CBN had introduced several measures including a revision of the Microfinance Banking regulation, the introduction of Agent Banking, Tiered ...
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Workers threatens to embark on strike


Ondo State chairmen of the Nigeria Labour Congress (NLC), Tayo Ogunleye, Trade Union Congress (TUC) Chairman, Soladoye Ekundayo and Joint National Committee (JNC) Chairman, Comrade Abel Oloniyo, have unanimously threatened to embark on industrial action. While bemoaning Ondo State’s Governor Rotimi Akeredolu who walked out of a meeting with the government ...
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CBN pumps $337m, Chinese Yuan into FOREX market


In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange ...
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MTN, CBN court case gets hearing date


A definite date has been set for a court hearing between the Central Bank of Nigeria (CBN) and telco giant, MTN over the illegal repatriation of $8.1 billion. The hearing between the concerned parties is fixed for 30th of October 2018; a lawyer representing MTN disclosed this to journalists. Also, the ...
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CBN Injects $337m, 53m Chinese Yuan into FOREX market


Home >> Business >> CBN Injects $337m, 53m Chinese Yuan into FOREX market16 hours ago Central Bank of Nigeria (CBN), on Friday, intervened in the Inter Bank Foreign Exchange (FOREX) market by injecting over 337 million dollars.The CBN also pumped in 53.44 million Chinese Yuan in the Spot and Short ...
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Naira Steadies Against 3 Major Currencies As CBN Injects $337m, CNY53m Into Forex Market


Naira Steadies Against 3 Major Currencies As CBN Injects $337m, CNY53m Into Forex Market The local currency Naira maintained its steady rate against major currencies on Friday, October 19, as the Central Bank of Nigeria (CBN) injected over $337m into the inter-bank foreign exchange market. Beware! Cloned Certificates, ATM ...
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Tech Roundup: FirstBank, Facebook, and Youtube all in the news this week


Welcome once again to Nairametrics’ weekly tech news roundup. This week, as always, we bring you a compilation of the major tech events and activities that made the news. We go behind the scenes, focusing on some of the major talking points and backstories just to keep you updated ...
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CBN Injects Fresh $337m, Chinese Yuan into FOREX market


CBN Injects Fresh $337m, Chinese Yuan into FOREX market In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese ...
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CBN releases more dollars into Inter Bank Forex Market


CBN releases more dollars into Inter Bank Forex Market. By ThePointNG - ... Dollar set for further crash, as CBN vows to stabilise naira. There were ...
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Court to hear MTN’s case against CBN – Punch Newspapers


‘Femi Asu with agency report A hearing in the court case between MTN and the Central Bank of Nigeria in a dispute over the alleged transfer of $8.1bn of funds by the telecom firm has been set for October 30, a lawyer for MTN said on Friday. MTN has ...
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$8.1bn transfer: Court fixes date to hear MTN’s case against CBN


A hearing in the court case between MTN and the Central Bank of Nigeria in a dispute over the alleged transfer of $8.1bn of funds by the telecom firm has been set for October 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted ...
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CBN injects fresh rounds of funds into Inter-Bank Forex Market – Punch Newspapers


In another round of intervention, the Central Bank of Nigeria, on Friday, injected over $337m into the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenured forwards of the inter-bank foreign exchange market. The CBN ...
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CBN injects $337m, CNY53m into Inter-Bank Forex Market


In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. Naira The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign ...
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Inter-Bank Forex Market Gets CBN’s $337m


Nigeria’s apex bank, Central Bank of Nigeria (CBN), has, again, injected more than 337 million dollars into the Inter-Bank Foreign Exchange (Forex) market. Spokesman for the bank Isaac Okorafor said that the move was in furtherance of CBN’s commitment to ensuring adequate liquidity and stability in the inter-bank foreign exchange ...
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CBN injects $337m into Inter-Bank Forex Market


In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange ...
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/ / FX News

Bond Yields Weaken by c.10bps W/W, as Demand Pressures Wane


***FG trims budget size, proposes N8.6tn for 2019***
KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October16, 2018,5bps up from 11.23% recorded in August 2018. MPR 14.00% ...
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Economic, Business and Financial Headlines – 191018


Friday October 19, 2018 / 7:00 AM / Proshare News
  Click Here To Read Latest Updates   PROSHARE ECONOMY NBS Publishes 11 States Nominal GDP from 2013 to 2017-The compilation of Gross Domestic Product (GDP) estimates for sub-national units of the Federation has been a phased exercise at the National ...
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Buycoins.africa records over N500 million in BTC sales through app


Buycoins Africa, a Nigerian cryptocurrency exchange is having a swell time, despite the downturn in cryptocurrencies. Co founder of the firm Timi Ajiboye in a few tweets from his handle disclosed that the firm had recorded over ₦500 million worth of transactions since the app was launched in July. I ...
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Naira Exchanges At N364.33 To Dollar At Investors’ Window


The naira closed at N306.50 the dollar as the official Central Bank of Nigeria, CBN, window on Thursday.It was, however, N364. 33 to the dollar at the investors’ window. Turnover at the investors’ window stood at $317.8 million.The currency remained stable at the parallel market, closing at N360 to the dollar, ...
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