Just In: CBN Retains MPR At 13.5%
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Just In: CBN Retains MPR At 13.5%

Webby - March 24, 2020

General Updates Posted by Shollay March 24, 2020 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has sustained the Monetary Policy Rate (MPR)…

COVID-19; Naira Depriciates to N515 In Forward Market
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COVID-19; Naira Depriciates to N515 In Forward Market

Webby - March 24, 2020

General Updates Posted by Shollay March 24, 2020 The deadly coronavirus and the price war between Russia and Saudi Arabia over oil production cuts and poor demand…

Naira falls to N515 in forward market
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Naira falls to N515 in forward market

Webby - March 24, 2020

The non-deliverable forwards market in London priced the naira at N515 to the dollar in a year’s time while naira futures contracts of the same tenor were…

Breaking: FG Closes All Land Borders, Suspends FEC Meetings Over Coronavirus
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Breaking: FG Closes All Land Borders, Suspends FEC Meetings Over Coronavirus

Webby - March 23, 2020

General Updates Posted by Shollay March 23, 2020 The Federal Government led by President Muhammadu Buhari has closed all land borders in Nigeria for four weeks over…

Naira dips against US dollar at $1/385
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Naira dips against US dollar at $1/385

Webby - March 23, 2020

Naira depreciated against the US dollar on Monday morning to stand at $1/N385 compared to $1/N367 recorded on Friday evening. The currency against the Pounds Sterling continues…

First set of Jack Ma and Alibaba coronavirus prevention materials arrive Africa
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First set of Jack Ma and Alibaba coronavirus prevention materials arrive Africa

Webby - March 23, 2020

Few days ago, Chinese Billionaire and Founder of Alibaba group Jack Ma announced that he will send coronavirus prevention kit to all 54 African countries.The first set…

CBN tightens regulatory control on forex market
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CBN tightens regulatory control on forex market

Webby - March 22, 2020

In a bid aimed at tightening regulatory controls in the Foreign Exchange (Forex) market and rein in dollar supply, the Bankers Committee has issued a directive to…

#Covid-19: CBN, Bankers’ Committee To Support Pharmaceutical Coys With N3.5 Trillion
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#Covid-19: CBN, Bankers’ Committee To Support Pharmaceutical Coys With N3.5 Trillion

Webby - March 21, 2020

In a bid to curb the spread of Coronavirus across the country, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting…

CBN officially devalues Naira’s exchange rate by 15%
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CBN officially devalues Naira’s exchange rate by 15%

Webby - March 21, 2020

The Central Bank of Nigeria (CBN) has officially devalued Nigeria’s Naira from the official N3017/$1 to N360/$1, as depreciation at the “market-determined” I&E window is 5% having…

NDIC lists dangers of patronizing unlicensed financial institutions
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NDIC lists dangers of patronizing unlicensed financial institutions

Webby - March 21, 2020

The Nigeria Deposit Insurance Company (NDIC) has warned Nigerians to stop patronising unlicensed financial institutions. Alhaji Umaru Ibrahim, the Managing Director/Chief Executive Officer of NDIC, warned the…