CBN issues licence to a development bank with N100bn capital base

31 March 2017

The Central Bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria, DBN.

Minister of...

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CBN crashes the dollar further, issues fresh directives to banks

27 March 2017

The Central Bank of Nigeria has directed all banks to immediately begin sale of forex for Basic Travelling Allowance, Personal Travelling Allowance, Tuition and Medical fees to customers at not... Read More...

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kemi adeosun,

Finance Minister speaks on disbursment of Paris club refund

21 March 2017

The Minister of Finance, Kemi Adeosun, says the Federal Government has complied with all extant rules and regulations in the disbursement of the Paris club refunds to state governments.

In...

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Court reverses seizure of oil blocks from Shell, ENI

17 March 2017

The Federal High Court in Abuja has reversed itself on a January 26 ruling which retrieved the ownership of an oil block from 4  multinational Oil companies in Nigeria.

Justice John Tsoho,...

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NNPC still owe FG over $15bn - NEITI

15 March 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars collected from Nigeria Liquefied Natural... Read More...

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Etisalat in deep trouble as three banks get set for takeover

08 March 2017

Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have... Read More...

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Just in 2 weeks, CBN pumps $1,138 billion into the forex market

08 March 2017

The Central Bank of Nigeria has credited commercial banks with $100 million for school fees, personal travel allowances (PTA) and medical bills abroad.

This fresh injection by the apex bank...

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CBN intervenes again in the forex market with $367.1m

07 March 2017

The Central Bank of Nigeria has carried out another round of retail interventions in the interbank FOREX market by providing a total sum of $367,134,329.93 to meet the forwards requests of... Read More...

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IPMAN suspends strike after meeting NNPC boss

07 March 2017

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has suspended a scheduled nationwide strike following a meeting with the Group Managing Director of the Nigerian National... Read More...

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CBN explains recent value appreciation of the Naira

03 March 2017

The Central Bank of Nigeria, CBN, said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention.

The acting Director, Corporate...

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