The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s …
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The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s …
Central Bank of Nigeria (CBN) says it has opened a special foreign exchange (forex) window for Small and Medium Enterprises (SMEs). It is to enable them import eligible finished and …
Central Bank of Nigeria (CBN), said, on Tuesday it will offer dollar forwards to be delivered within two months to offset a backlog of matured foreign exchange obligations to manufacturers, …
The naira, which in the last few days, recorded marginal losses, is likely to strengthen today as the Central Bank of Nigeria (CBN) will boost liquidity in the market with …
AFP photo Lloyd’s of London will open a Brussels office in early 2019 due to Brexit, the insurance market said March 30, one day after the U.K. government triggered the …
Increasing demand for the dollar at the parallel market on Thursday resulted in the rise of the greenback currency to N380 from N370 on Wednesday in Abuja. The News Agency …
REUTERS photo Oil fell further towards $50 a barrel on March 27, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to …
MRS Limited has absolved itself from allegations that it expropriated petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC). NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, …
The gap between the official and the black market rates narrowed at the weekend, after the local currency firmed to N380 per dollar on the black market on Friday. On …
The Naira on Thursday was sold at N400 to a dollar at the parallel Market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained N10 to close at …
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