Nigerian News from Leadership News
  • As Cashless Policy Finally Goes Live Nationwide

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    BUKOLA IDOWU takes a look at issues surrounding the suspension of the cashless policy in 2015 ahead of the implementation that takes effect on Saturday, April 1, 2017 Two years after its implementation was suspended, the cashless policy of the Central Bank of Nigeria is set to go nationwide as banks will now charge both…

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  • CBN Lifts Supply With $180m As BDCs Envisage Naira Appreciation

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    The Central Bank of Nigeria (CBN) yesterday offered a total of $180 million to meet bids for forwards, which includes requests for invisibles such as medicals, school fees and personal travel allowances valued at $43 million, through the inter-bank window. Confirming the figures, the Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said the wholesale…

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  • Safeguarding Customers’ Deposit From Fraud

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    As technology continues to advance, particularly in the financial industry, fraudsters remain unrelenting in attempting to break through the several level of security to gain access into the accounts of unsuspecting bank customers. This had led to the refusal of some customers to embrace technology and make use of the various alternative channels provided by…

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  • NSE Delists 85 Companies In 14 Years

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    In protecting investors from investing in non-performing or moribund companies, the Nigerian Stock Exchange (NSE) has so far delisted 85 companies from its daily official list between 2002 to date. Delisting involves removal of listed securities of a company from a stock exchange where it is traded on a permanent basis. As listed on the…

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  • Banks Seek Customers To Buy Surplus Forex

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    Commercial banks are now seeking customers to buy the surplus foreign currencies they have after the Central Bank of Nigeria (CBN) continually flooded the market with foreign exchange. It would be recalled that in an effort to support and shore-up the value of Naira, the CBN resolved to flood commercial banks with dollars. Sources said…

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