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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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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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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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Is CBN Defending The Naira Or Dollar? – Punch


Henry Boyo “As I speak to you, our external reserves stand above $31bn, and that provides us with enough fire power to be able to defend the naira” –Godwin Emefiele (Governor, Central Bank of Nigeria, April 25, 2017). The question, however, is this: Is the CBN actually defending the ...
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As CBN moves to curb Naira abuse – DAILY TRUST


But particularly worrisome is the trading in naira in Nigeria. ... In the face of these abuses, the CBN has warned that the abuse of the naira violates ...
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Here’s How Naira Fared Against Dollar On Thursday (Oct 18)


The Nigerian currency Naira exchanges at N364.33 to Dollar at investors’ window The local currency closed at N306.50 to the dollar at the official CBN window on Thursday, October 18, 2018. It was, however, N364. 33 to the dollar at the investors’ window. Turnover at the investors’ window stood at ...
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Naira exchanges at N364.33 to dollar at investors’ window – Punch Newspapers


The naira closed at N306.50 the dollar as the official 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 dollars. The currency remained stable at the parallel market, closing at N360 to the ...
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Nigeria’s Foreign Reserves Fall By $2.1bn In 30 Days


CBN Governor, Godwin Emefiele Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last thirty days, following the Central Bank of Nigeria (CBN) decision to defend the naira. The Nigerian reserves have dropped by $1,541,891,539, since the United States Federal Reserves raised interest rates on September 26, ...
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TVC Breakfast 18th Oct., 2018 | CBN’s battle to achieve naira stability


TVC Breakfast 18th Oct., 2018 | CBN's battle to achieve naira stability. Posted by naijacurator on October 18, 2018 0 Comments. Read Next → ...
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Nigeria’s External Reserves Drop By $1bn In Less Than Two Weeks


The nation’s foreign exchange reserves have dropped to a seven-month low, losing $1. 02bn in the last 13 days according to latest data from the Central Bank of Nigeria as shown on Wednesday.The external reserves, which stood at $44. 30bn on September 28, fell from $44. 02bn on October 2 to ...
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Foreign Reserves drop by $1.1 billion in 2 weeks, now $43 billion


Nigeria’s external reserves have continued its free fall by suffering a major drop within the last two weeks as the Central Bank of Nigeria (CBN) data reveals the nation’s foreign reserves fell by $1.1 billion during the period. Though the external reserves currently stand at $42.92 billion as at ...
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Microfinance bank slams N5 million lawsuit on CBN, NDIC


BFL Microfinance Bank has slammed a total of N5 million lawsuit on the Central Bank of Nigeria (CBN), and the Nigerian Deposit Insurance Corporation (NDIC). The bank is suing the regulatory bodies over revocation of its operating license. While BFL is seeking general damages of N2 million, they also wants ...
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Benue, Imo, three other states denied $2.7 billion Paris Club Refund


The Minister of Finance, Zainab Ahmed has announced that five Nigerian states would not receive the last tranche of Paris Club Refund. She made this known during a briefing with State House Correspondents after the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja. The states which comprise of Benue, ...
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Senate Passes Resolution Telling CBN To Cancel Deduction Of ATM Card


And it’s a big one for the Nigerian Senate!Today, via the Twitter page of the Senate President, Bukola Saraki, it was announced that the ATM car maintenance charges being deducted from Bank customers will soon come to an end as the Senate in a sitting passed a resolution call the ...
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Economic, Business and Financial Headlines – 181018


Thursday October 18, 2018 / 7:00 AM / Proshare News
  Click Here To Read Latest Updates   PROSHARE ECONOMY Monsoon in India and Drought in Brazil Will Continue to Raise Sugar Prices -The policy preference of the CBN is a simple trade-off of lower external reserves for a strong ...
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MTN and CBN will soon find a common ground


The Federal Government has raised hopes that the Central Bank of Nigeria (CBN) and troubled teleco-giant,  MTN would soon strike a deal in their dispute over the repatriation of $8.1 billion. Speaking through the Minster of Information, Lai Mohammed assured that the two parties are getting closer to resolving ...
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Senate asks CBN to increase maximum ATM withdrawal to N40k per transaction :: Bestnaira.com


    By Henry Umoru ABUJA—The Senate yesterday asked the Central Bank of Nigeria, CBN, to direct commercial banks in the country to increase the maximum amount customers can withdraw from automated teller machines, ATMs, to N40,000 per transaction. The maximum is currently N20,000. SENATE CHAMBER The upper legislative ...
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Checking the Naira abuse


READ ALSO: Digital currency threat to financial stability – Ibrahim, NDIC boss According to the CBN, a key component of the measures to curb the hawking and mishandling of the naira is the setting up of mobile courts that will try offenders on the spot. The idea of mobile court ...
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