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Tag "central bank of nigeria"

GSK, Fidson named among companies to get funding from bankers committee

    GSK, Fidson named among companies to get funding from bankers committee

The Central Bank of Nigeria (CBN) and bankers committee have identified local pharmaceutical companies that would be granted funding facilities to procure raw materials and equipment. Some of the companies

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IT’S OFFICIAL: Naira to now trade at N380/$

    IT’S OFFICIAL: Naira to now trade at N380/$

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars higher than N380 to end users. This is compared to

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EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

    EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

Allocations to the three tiers of government in naira will increase as the federation account allocation committee (FAAC) has adopted a new exchange rate rate of N360/$, TheCable can report.

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Devaluation? Naira trades at N380/$ on I&E window

    Devaluation? Naira trades at N380/$ on I&E window

The naira traded at N380 to the dollar on Friday at the Investors and Exporters window. This comes after the Central Bank of Nigeria (CBN) announced that the current market

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CBN asks banks to restructure loan terms, cuts special interest rate to 5%

  CBN asks banks to restructure loan terms, cuts special interest rate to 5%

The Central Bank of Nigeria (CBN) has directed all deposit money banks in the country to restructure loan terms and

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CBN restricts forex for milk importation, exempts six companies

  CBN restricts forex for milk importation, exempts six companies

The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for

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PROFILE: The serial record-breaker who would be CBN’s deputy governor

  PROFILE: The serial record-breaker who would be CBN’s deputy governor

One Nigerian has been part of the day-to-day running of one of the world’s biggest international lenders, the International Monetary

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Nigeria’s foreign reserves shed ‘$43.6 million daily’ in October

  Nigeria’s foreign reserves shed ‘$43.6 million daily’ in October

The country’s foreign reserves lost an average of $43,604,660 daily between October 2 and October 30. Data made available by

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IMF endorses VAT increase, says it will cushion declining oil revenue

  IMF endorses VAT increase, says it will cushion declining oil revenue

Amine Mati, a senior resident representative with the International Monetary Fund (IMF) and mission chief for Nigeria, says an increase

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12 banks debited N499bn for inability to meet loan ratio

  12 banks debited N499bn for inability to meet loan ratio

The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing to give out 60%

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