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Tag "forex"

Here is what the return of BDCs means for the naira

    Here is what the return of BDCs means for the naira

As I like to say, Nigeria is on autoreplay; what happened 10 years ago also happened four years ago, and will also resurface tomorrow. Round and round, the naira story

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Saving the Naira and ourselves

    Saving the Naira and ourselves

Indeed Naira, the Nigerian legal tender, has no religion, tribe or tongue. It is common to all of us as Nigerians and foreign nationals whose businesses involve cash exchanges in

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CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

    CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country.  This is coming 25 months

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NNPC secures $3bn oil-for-cash loan to stabilise the naira

    NNPC secures $3bn oil-for-cash loan to stabilise the naira

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the

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Naira float: How to stop the local currency from drowning us all

  Naira float: How to stop the local currency from drowning us all

Resolved. There are smarter people in government than ‘Mayowa Tijani; these people have the answers to the economic challenges the

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Improve agric sector to ease access to raw materials, manufacturers tell FG

  Improve agric sector to ease access to raw materials, manufacturers tell FG

The Manufacturers Association of Nigeria (MAN) says the federal government must intensify efforts to improve agricultural sector to enable easy

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ABCON to FG: Stop Binance’s operations in Nigeria to strengthen naira

  ABCON to FG: Stop Binance’s operations in Nigeria to strengthen naira

The Association of Bureaux De Change Operators of Nigeria (ABCON) says Binance, the cryptocurrency exchange company, must be stopped from

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JP Morgan vs Economist Intelligence Unit: Who will be wrong about Nigeria?

  JP Morgan vs Economist Intelligence Unit: Who will be wrong about Nigeria?

The Economist Intelligence Unit (EIU) predicted Atiku Abubakar of the Peoples Democratic Party (PDP) as the winner of Nigeria’s 2019

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CBN removes N463/$ from website, quotes I&E window’s N632.77

  CBN removes N463/$ from website, quotes I&E window’s N632.77

The Central Bank of Nigeria (CBN) has removed the old naira-to-dollar rate from its website, quoting new rates from the

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Atiku: If elected, I’ll confiscate undeveloped oil blocks, privatise refineries

  Atiku: If elected, I’ll confiscate undeveloped oil blocks, privatise refineries

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says he will not hesitate to prosecute and publish the

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