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NCC, CBN secures reprieve for Etisalat on debt crisis

The Central Bank of Nigeria (CBN) and telecom regulator, Nigerian Communications Commission (NCC) has been able to get reprieve for Mobile Network Operator, Etisalat...
CBN-Dollar

BREAKING: CBN to Give Banks $20million FOREX Weekly

In apparent response to recent outcry over the hardships encountered by the business community in sourcing foreign exchange for transactions, the Central Bank of...

CBN debunks been queried by AGF over forex allocation, transactions

Following the allegation that the Attorney General of the Federation (AGF), Mr. Abubakar Malami, had queried the Central Bank of Nigeria (CBN) foreign exchange...

Bankers Committee to support economic diversification with N25bn

That Bankers Committee said it has concluded arrangement to support federal government’s effort at diversifying the economy by introducing a new initiative that will...

LCCI thrashes CBN for inflation fixation

The Lagos Chamber of Commerce and Industry (LCCI) has trashed the outcome of last week’s Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC)...

CBN to sell dollars to manufacturers, airlines, others in special auction

In order to clear the backlog of dollar obligations that businesses owe, the Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMBs)...

CBN Governor, Peterside disagree on way out of nation’s economic woes

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Thursday sharply disagreed with an investment banker and Chairman of the Stanbic...

CBN, NSE sanction Stanbic IBTC N20.3m

The Central Bank of Nigeria (CBN) and Nigerian Stock Exchange (NSE) sanctioned Stanbic IBTC Holdings N20.3 million for eight different offences in 2015.   The recently...

FG sells N173bn Treasury bills at steady yield

The Central Bank of Nigeria (CBN) sold N172.85 billion ($550 million) treasury bills on Wednesday with yields unchanged from the previous auction, held in the third...

CBN directs PFIs to disburse N220b agric funds at 9%

The Central Bank of Nigeria (CBN) has directed Participating Financial Institutions (PFIs) including commercial banks, microfinance banks (MfBs) and Development Finance Institutions (DFIs) to...

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