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All posts tagged "bank of nigeria"

  • CBN confirms Malam Muhammad as Unity Bank’s Acting MD

    The Central Bank of Nigeria (CBN) has confirmed Malam Rislanudeen Muhammad as the Acting Managing Director of Unity Bank Plc. This followed the retirement of Mr Ado Yakubu Wanka. A statement issued by the bank on Thursday...

    • Posted September 27, 2013
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  • CBN will defend naira with reserves – Sanusi

    The Central Bank of Nigeria on Tuesday said it would do everything possible to defend the naira and ensure its stability, including using the nation’s foreign reserves to achieve the purpose. The Governor, CBN, Mr. Lamido Sanusi,...

    • Posted September 26, 2013
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  • Naira remains firm against dollar at Forex market

    The naira remained firm against the U.S. dollar at the Wholesale Dutch Auction System (WDAS) conducted on Monday by the Central Bank of Nigeria (CBN). The naira was traded at N155.76 to the dollar, the same rate...

    • Posted September 23, 2013
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  • CBN sells $300m forex at WDAS

    The Central Bank of Nigeria (CBN) sold 300 million dollars at the rate of N155.76 to the dollar at its 71st Wholesale Dutch Auction System (WDAS) on Wednesday. The News Agency of Nigeria (NAN) reports that the...

    • Posted September 18, 2013
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  • Oil earnings dip by N36bn in Q2

    The contribution of the oil and gas sector to the Nigerian economy declined significantly in the second quarter of 2013, as revenue accruable to the Federal Government from the sector dipped by N35.7 billion. The Central Bank...

    • Posted September 18, 2013
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  • Teasy Mobile Money partners with NURTW to drive cashless economy

    As part of its mandate in facilitating the cashless policy initiated by the Central Bank of Nigeria, Teasy Mobile Money, a recently licensed mobile financial institution in Nigeria, has gone into strategic partnership with National Union of...

    • Posted September 16, 2013
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  • NDIC recovers N24.68bn from debtors of failed banks

    The Nigeria Deposit Insurance Corporation said it recovered  in 2012 a cumulative sum of N24.68bn from debtors of Deposit Money Banks that were liquidated by the Central Bank of Nigeria. The N24.68bn represents an increase of N2.42bn...

    • Posted September 14, 2013
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  • Government realised N1tn revenue in July – CBN

    The country realised a total of N1.05tn in federally collected revenue in July, according to the monthly report posted on the Central Bank of Nigeria’s website on Thursday. The amount represents an increase of 33.7 per cent...

    • Posted September 14, 2013
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  • CBN directs banks to report credit facilities of N1m in CRMS

    The CBN on Thursday directed banks to report all credit facilities of N1 million and above in their Credit Risk Management System (CRMS). The CBN, in a circular by the Director of Banking Supervision, Mrs Tokunbo Martins,...

    • Posted September 12, 2013
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  • We’ll make credit cheaper for farmers – President Jonathan

    President Goodluck Jonathan on Tuesday called on the private sector to take full ownership of the Federal Government’s Agriculture Transformation Agenda, adding that his administration would make credit more accessible and cheaper for farmers. Already, he said...

    • Posted September 5, 2013
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