Nigeria Central Bank Lowers Interest Rate for First Time Since Sept 2020
The Monetary Policy Committee of the Central Bank of Nigeria decided on Tuesday to reduce its benchmark interest rate, also
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CBN
CBN gives BDCs 43-day access to official forex market
The Central Bank of Nigeria (CBN) has granted Bureau de Change operators (BDCs) temporary access to the Nigeria Foreign Exchange
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CBN’s latest decision seen piling pressure on banks
The decision by the Central Bank of Nigeria to tweak the asymmetric corridor around the monetary policy rate (MPR) is
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Nigeria’s foreign reserves extend rise, hit two-month high
Nigeria’s foreign reserves rose further last week, hitting the highest point in two months. The foreign reserves stood at $32.8
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Naira slide stokes fears of domiciliary account clampdown
The steep fall of the naira in recent weeks coupled with the measures taken to prop up the embattled currency
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NNPC to keep ‘significant portion of revenues’ with CBN
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mele Kyari, and the Governor of
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No plans to convert domiciliary account deposits to naira – CBN
The Central Bank of Nigeria has said there are no plans to convert deposits in domiciliary accounts to naira. The
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Fidelity Bank taps stock market to raise N32bn ahead of recapitalisation
Fidelity Bank Plc is seeking to raise up to N32 billion through rights issue ahead of the recapitalisation announced by
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Naira resumes fall as CBN leaves investors in wait-and-see mode
The Nigerian currency has resumed its decline against the dollar and other major currencies on the parallel market as investors
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CBN to resume offer rates quotation for FX futures Monday
The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to
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