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Nigeria’s Central Bank finally “floats” the Naira
The Central Bank of Nigeria (CBN) has declared that Nigeria currency (Naira) exchange rate is now floated, which implies that the Naira exchange rate ...
Central Bank of Nigeria
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BREAKING: Nigeria heading towards another recession – Central Bank
The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed fears that Nigeria may slide into another recession if measures are not t...
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CBN warns Nigerian government against ‘spending spree’ of Excess Oil Revenue
With crude oil price rising steadily above benchmark level approved in the 2019 budget, the Monetary Policy Committee (MPC) of the Central Bank of Nig...
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BREAKING: CBN monetary policy committee holds interest rate at 13.5%
The monetary policy committee of the Central Bank of Nigeria (CBN) says it has agreed to keep the monetary policy rate, which measures interest rate ...
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Nigeria stocks at 2-year low after Central Bank governor gets second term nomination
igerian stocks dropped to almost a two-year low on Friday as investors viewed the nomination of central bank governor for a second term as a sign that...
Scandal: Leaked audio is authentic but no money lost – Central Bank of Nigeria
The Central Bank of Nigeria (CBN) on Sunday scrambled a rebuttal to deny media reports that it lost over N500 billion after a private investment by so...
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36.6m Nigerians have no access to financial services
The Central Bank of Nigeria says it has received information that 36.6 million Nigerians have no access to financial services. In a statement released...
Nigeria to establish national micro-finance bank
A national micro-finance bank is to be established to promote access to credit finance for small, medium enterprises (SMEs) and other unbanked groups ...
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Nigeria’s central bank, MTN getting closer to settlement – Minister
Nigeria’s central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1 billion, ...
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Nigeria’s Senate calls for suspension of illicit bank charges as Senator Ashafa leads motion
The Senate on Wednesday, 17th October 2018 condemned the illicit and excessive deductions charged by banks from their customers. This followed a motio...