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Tag "central bank of nigeria"

NCP committee proposes merging BOA with NIRSAL to boost funds

    NCP committee proposes merging BOA with NIRSAL to boost funds

The National Council on Privatisation (NCP) has received key recommendations from its committee to merge the Bank of Agriculture (BOA) with the Central Bank of Nigeria’s (CBN) NIRSAL Microfinance Limited.

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FAKE NEWS ALERT: CBN denies instructing banks to restrict crypto accounts

    FAKE NEWS ALERT: CBN denies instructing banks to restrict crypto accounts

The Central Bank of Nigeria (CBN) has denied instructing banks to restrict cryptocurrency accounts. In a post on X on Wednesday, CBN clarified that the circular did not originate from

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CBN sells dollars to BDCs at N1,021/$

    CBN sells dollars to BDCs at N1,021/$

The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday, the CBN, in a circular

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‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

    ‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on April 20 during a

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CBN meets IMTOs, sets up task force to double remittance inflows

  CBN meets IMTOs, sets up task force to double remittance inflows

The Central Bank of Nigeria (CBN) says it has collaborated with International Money Transfer Operators (IMTOs) to collectively commit to

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Banks’ market cap down N1.74trn since CBN announced recapitalisation plan

  Banks’ market cap down N1.74trn since CBN announced recapitalisation plan

Commercial banks’ market capitalisation has depreciated by N1.74 trillion since the Central Bank of Nigeria (CBN) directed financial institutions to

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FAKE NEWS ALERT: CBN denies selling FX to BDCs at N1,001/$1

  FAKE NEWS ALERT: CBN denies selling FX to BDCs at N1,001/$1

The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the

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Nigeria’s FX reserves drop to $32bn — lowest level in six years

  Nigeria’s FX reserves drop to $32bn — lowest level in six years

Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years.  According to

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Recapitalisation: Zenith Bank to raise funds in international capital market

  Recapitalisation: Zenith Bank to raise funds in international capital market

Zenith Bank has announced plans to raise an undisclosed amount in the international and Nigerian capital markets. According to the

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CBN official tells court how he collected over $3m in cash for Emefiele

  CBN official tells court how he collected over $3m in cash for Emefiele

Monday Osazuwa, an official of the Central Bank of Nigeria (CBN), has testified against Godwin Emefiele, a former governor of

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