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Tag "central bank of nigeria"

Banks will no longer charge commission on retail forex transactions

    Banks will no longer charge commission on retail forex transactions

The bankers’ committee says commercial banks will no longer charge customers commission on retail foreign exchange transactions. Retail forex transactions include purchase of forex for personal travel allowance (PTA), business travel

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CBN retains monetary policy rates — in spite of quorum crisis

    CBN retains monetary policy rates — in spite of quorum crisis

The Central Bank of Nigeria (CBN) says it will retain all monetary policy rates after its monetary policy committee could not hold its first meeting in 2018. The meeting, which

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Emefiele ‘optimistic’ MPC members will be confirmed by senate

    Emefiele ‘optimistic’ MPC members will be confirmed by senate

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the issue with the confirmation of members that would make up the monetary policy committee (MPC) is being dealt

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Exempt us from VAT, bank charges… BDCs list how to make naira stronger

    Exempt us from VAT, bank charges… BDCs list how to make naira stronger

The Association of Bureaux De Change Operators of Nigeria (ABCON) says exemption from value added tax (VAT) and removing or reducing minimum bank charges on their operations will help improve

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Beware! Emefiele is NOT on Twitter

  Beware! Emefiele is NOT on Twitter

The Central Bank of Nigeria (CBN) says Godwin Emefiele, governor of the apex bank, does not have a Twitter account.

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DMO to roll over N1trn treasury bills in Q1 2018

  DMO to roll over N1trn treasury bills in Q1 2018

The Debt Management Office (DMO) will roll over treasury bills worth N1 trillion in the first quarter of 2018, data

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Foreign reserves peak at $40bn — highest since October 2014

  Foreign reserves peak at $40bn — highest since October 2014

The nation’s external reserves currently stand at $40.4 billion – its highest level since October 2014. This represents an increase

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Naira falls to N307 at CBN rate — lowest ever

  Naira falls to N307 at CBN rate — lowest ever

The naira traded at N307 to the dollar on Monday for the first time ever, information made available on the

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9mobile: Barclays has not resigned as financial adviser

  9mobile: Barclays has not resigned as financial adviser

The management of 9mobile says Barclays Bank has not withdrawn as financial adviser of the 9mobile investment process. According to

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In 10 months, CBN ‘has pumped $3.6bn’ into forex market

  In 10 months, CBN ‘has pumped $3.6bn’ into forex market

The Central Bank of Nigeria (CBN) has reportedly injected $3.6bn into the forex market since February. NAN reports that the

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