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CBN meeting and NSE in focus


Given how this has drained demand for naira bonds, they may remain unloved and depressed over the coming months. The Central Bank of Nigeria is ...
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AS EMEFIELE FOCUSES ON ECONOMIC RECOVERY


The CBN and other strategic players must cooperate to sustain economic progress, writes Jackson Ugbechie Mr. Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) has his job cut out in 2021. With an economy steeped in recession courtesy of Covid-19 pandemic and the #EndSARS protests, which was ...
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We Lost N3Bn In Fire Outbreak


By Chibuzo Ukaibe, Abuja President of the United Furniture Dealer’s Association of Nigeria, Prince Emeka Egwuekwe, yesterday disclosed that machines worth over three billion Naira was destroyed in the recent fire incident that engulfed the Kugbo furniture Market in the Federal Capital Territory (FCT). Egwuekwe who is ...
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Today exchange rate usd to naira in black market


1 EUR = 465 NGN. 07; CBN dollar to naira exchange rate today . 02 (N5. 5 while at the black market, 1 USD is equal to NGN 361. As of Friday (Nov ...
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Real Reason Erstwhile Friends, Tunde Ayeni, Hosa Okunbo Are At Loggerheads, Battle Could …


Ayeni said the pressure from the CBN and the EFCC to pay back the ... of experience sell his shares and stake in the company for just 2 Billion Naira? ...
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The Process And Types Of Banking License In Nigeria – Finance and Banking


Nigeria: The Process And Types Of Banking License In Nigeria 12 January 2021 Resolution Law Firm To print this article, all you need is to be registered or login on Mondaq.com. Banking licenses in Nigeria are issued by the Central Bank of ...
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CBN Slams Fresh N600Bn CRR Debit on Banks


FirstBank of Nigeria Limited, has launched its Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card ...
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ABCON lobby for exchange rates unification


... Central Bank of Nigeria (CBN) to improve inflow of remittances, by allowing beneficiaries to collect proceeds ... ABCON quarterly revealed that a large percentage of beneficiaries require Naira for domestic commitments in Nigeria ...
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Marketers Blame DPR, PPPRA for Rising Cooking Gas Price


cooking gas Accuse NLNG of inadequate product supply By Peter Uzoho Excessive administrative and other sundry charges by the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Authority (PPPRA), among others, have caused an astronomical rise in the price of Liquefied Petroleum Gas (LPG) commonly known cooking ...
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Moghalu Urges FG to Improve Internal Revenue Mobilisation


•Warns against rising budget deficit By Dike Onwuamaeze A former Central Bank of Nigeria (CBN) Deputy Governor, Prof. Kingsley Moghalu, yesterday called on the federal government to maximise the benefits of Nigeria being a $400 billion Gross Domestic Product (GDP) economy by broadening its internal revenue generation efforts rather ...
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CBN’s’ defence’ of the Naira


Editorial   It might ordinarily be deemed to be one of its core functions. The Central Bank of Nigeria (CBN) revealed in its third-quarter economic report, that it injected $4.37bn into the foreign exchange market in the quarter as part of efforts to ensure the stability of the naira ...
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Parler sues Amazon for taking down its site – Nairametrics


Parler sues Amazon for taking down its site Nairametrics ...
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CBN to Sustain Expansionary Monetary Policy Till Q1, 2021


Monday, January, 11, 2021 / 8:39PM / Ottoabasi Abasiekong for WebTV / Header Image Credit: The Guardian NG

The Central Bank of Nigeria will sustain its expansionary monetary policy through the period of Q1, 2021 as it supports the growth and recovery of Nigeria  from the current recession.                       ...
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Banking sector recapitalisation may define sectoral competition


Although part of the Central Bank of Nigeria (CBN) Governor, Godwin ... But the depreciation of the naira against dollar means more lenders will raise ...
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Working the New Normal in the Time of a Pandemic


Monday, January 11, 2021   /05:45 PM / By Proshare Research/ Header Image Credit: EcoGraphics

Executive Summary - O&G: Managing a Transition Mindset   Always expect the unexpected. The oil and gas industry is terrible at predicting anything. Always have a back-up plan.      -David Dixon   The O&G business is in ...
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As Emefiele focuses on economic recovery, by Jackson Ugbechie –


Godwin Emefiele, the Governor of Central Bank of Nigeria, has his job cut out in 2021. With an economy steeped in recession courtesy of COVID-19 pandemic and the #EndSARS protests, which was turned to a vehicle for destruction by hoodlums, what is needed now is the courage to act. Emefiele ...
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Nigeria: Striving Towards the Essence of the Free Market, By Olamide Eyinla


Time has shown us that the free market provides the best outcomes, with periodic interventions from the government to adjust the market, where need be, when acting as the “unseen hand”. If this hand is seen, it takes away the confidence that the market needs to show for more ...
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Moghalu Reveals Those Who Destroyed Nigeria’s Economy


A former Deputy Governor of the Central Bank of Nigeria (CBN), Professor Kingsley Moghalu, has revealed those who destroyed the Nigerian economy. Moghalu, who was a guest on ARISE News on Monday, said some highly influential persons, politically connected individuals, and politicians are responsible for the collapse of the ...
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Nigeria’s External Reserves Hits $36b, Highest In 12 Months – The Source Magazine


By Fola James Nigeria’s external reserve has risen to close to $36 billion according to latest figures released by the Central Bank of Nigeria, CBN last week. The apex bank said at the week end that the reserves rose by $461 million to $35.834 billion, the highest in six ...
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Nigeria’s interbank market rates soar after CBN hits banks with N600 bln CRR debits


By Samuel Bankole   Nigeria’s interbank rates climbed more than 800 basis points last week after the Central Bank of Nigeria (CBN) hit bank vaults with N600 billion in compliance with the Cash Reserves Requirements (CRR), traders said. Traders said the market had opened at over N1trillion positive on ...
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Interbank market in shock as CBN sequesters N600bn


There was significant chaos in the interbank space as the Central Bank of Nigeria (CBN) freeze the market with a debit of over N600billion in Cash Reserve Requirement (CRR) at the close of the week.This created scarcity of funds and pushed rates high in the market.By the CRR policy, banks ...
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CRR: Interbank market in shock as CBN sequesters N600bn


There was significant chaos in the interbank space as the Central Bank of Nigeria (CBN) freeze the market with a debit of over N600billion in Cash Reserve Requirement (CRR) at the close of the week.This created scarcity of funds and pushed rates high in the market.By the CRR policy, banks ...
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Agsmeis nairaland


Jan 06, 2021 · CBN's N50bn COVID-19 Fund Disbursement Begins Thursday - Business (183) - Nairaland. “Dear Nairalanders, after HiTV succeeded ...
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Excess liquidity: CBN hits banks with a CRR debit of $ 600 billion


CBN• Foreign reserves increase $ 461 million in 4 daysBy Babajide KomolafeNigeria’s central bank (CBN) hit the banking system with a N600 billion debit cash reserve ratio (CRR) on Friday in an attempt to combat idle cash (excess liquidity) in the interbank money market.Financial investigations revealed that excess liquidity in ...
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