Thursday, April 25, 2024
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Tag "central bank of nigeria"

Naira appreciates against dollar at official window, parallel market

    Naira appreciates against dollar at official window, parallel market

The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a decrease of 9.67 percent from

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ABCON to CBN: Reduce FX rate so our members can bid for more dollars

    ABCON to CBN: Reduce FX rate so our members can bid for more dollars

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reduce its applicable buying exchange rate downward due to naira’s speedy

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KPMG: High-interest rate may prevent Nigerian banks from giving credit

    KPMG: High-interest rate may prevent Nigerian banks from giving credit

KPMG Nigeria says the monetary tightening efforts by the Central Bank of Nigeria (CBN) might prevent banks from giving credit to support the economy. Monetary tightening occurs when a central

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Banks set new ATM withdrawal limits for customers below CBN’s provision

    Banks set new ATM withdrawal limits for customers below CBN’s provision

Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), TheCable can report. Findings by TheCable also showed the limits vary across banks. This followed reported cases

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Naira appreciates to N1,280/$ at parallel market

  Naira appreciates to N1,280/$ at parallel market

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market. The

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Banks recapitalisation will strengthen Nigeria’s financial system, says Izunaso

  Banks recapitalisation will strengthen Nigeria’s financial system, says Izunaso

Osita Izunaso, chairman, senate committee on capital market and institutions, says banks’ recapitalisation will strengthen Nigeria’s financial system. On March

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Commercial banks need N2.8trn to meet CBN’s capital base requirement

  Commercial banks need N2.8trn to meet CBN’s capital base requirement

Publicly-listed commercial banks would need over N2.81 trillion to meet the recapitalisation target set by the Central Bank of Nigeria

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Nigeria recorded over $1.5bn FX inflow in March, says CBN

  Nigeria recorded over $1.5bn FX inflow in March, says CBN

The Central Bank of Nigeria (CBN) says the economy recorded over $1.5 billion in foreign exchange (FX) inflow in March,

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Cardoso: Law enforcement agencies probing $2.4bn unverified FX claims

  Cardoso: Law enforcement agencies probing $2.4bn unverified FX claims

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says law enforcement agencies are investigating $2.4 billion unverified foreign

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Binance: Regulating cryptocurrencies falls outside CBN purview, says Cardoso

  Binance: Regulating cryptocurrencies falls outside CBN purview, says Cardoso

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says it is not in the purview of the apex bank

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