• Naira notes

    Naira Rises By 3.7% On Increased Dollar Inflow

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    The value of the naira firmed at the parallel market yesterday after the Central bank of Nigeria pumped more dollars to the economy through the interbank and Bureau de Change ends of the foreign exchange market. The naira’s value rose by over 3.75 per cent to N385 per dollar yesterday, up from $400. Increased dollar…

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  • CBN Sells $280m To Boost FX Liquidity

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    In furtherance of its efforts at boosting liquidity at the foreign exchange market, the Central Bank of Nigeria Yesterday pumped $280 million into the interbank market to meet forward, spot and invisibles demand even as the naira started out gaining at the parallel market. Having sold at N410 for most of last week on the…

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  • CBN Raises Banks’ Forex Borrowing Limit

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    The Central Bank of Nigeria (CBN) has increased the limit on banks’ foreign currency borrowings to 125 percent of shareholders’ fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a circular seen by Reuters. The new regulation replaces a 2014 rule capping foreign borrowings, including Eurobonds,…

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  • 90 Customers Win Big in Skye Bank, Western Union Promo

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    Ninety lucky customers of Skye Bank Plc., across different business locations of the bank have emerged as winners and received their prizes in the recently-concluded Skye Bank and Western Union “Better Life” Promotion. The three-month campaign, which ran from December 5, 2016 to February 28, 2017, was geared towards encouraging increased patronage of the Western…

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  • CBN Sells $100m To SMEs, Makes $100m Spot Wholesale

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    … May open window for dividend remittances The Central Bank of Nigeria (CBN) yesterday made spot sales totaling $100 million to interested Small and Medium Enterprises (SMEs) to importers of critical and eligible finished and semi-finished goods operators in the country through its newly opened Forex window for small scale importers. The apex bank also…

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  • Dangote To List Refinery, Petrochemical, Fertiliser Plants, Others On NSE

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    As part of his 60th birthday celebration, yesterday, the past council president of the Nigerian Stock Exchange (NSE), Alhaji Aliko Dangote promised to ensure the listing of Refinery, Petrochemical, Fertiliser Plants, other companies coming up under the Dangote Group of Companies on the Exchange. He made this known yesterday, at the bell ringing ceremony to…

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  • Ecobank MD Lauds Financial Literacy Day

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    The Managing Director, Ecobank Nigeria, Charles Kie, has lauded the Financial Literacy Day initiative saying it would go a long way to sensitizing and educating pupils and youths across the country early in life on financial matters. The Financial Literacy Day was jointly organized by the Central Bank of Nigeria (CBN) and Junior Achievement Nigeria…

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  • First Bank Restates Commitment To Building Sustainable Communities

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    First Bank Nigeria Limited said it is committed to building sustainable communities as it recognizes that its ability to operate successfully in a multi-cultural society is hinged on building mutually beneficial relationships with its stakeholders and strengthening the communities where it operates. The group head, marketing and corporate communications, Folake Ani-Mumuney, said the bank would…

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