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All posts tagged "bank of nigeria"

  • CBN sells forex worth $258.5m

    The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of Nigeria reported that the CBN sold $263.67m at the previous WDAS on August 28....

    • Posted September 4, 2013
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  • External reserves stand at $46.9b

    The Central Bank of Nigeria (CBN), on Wednesday, said the nation’s external reserves stood at 46.89 billion dollars on August 26 According to the CBN, out of the sum, 45.67 billion dollars was in liquid form, while...

    • Posted August 29, 2013
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  • Naira weakens against the dollar

    The naira, on Monday, closed flat against the U.S dollar on the interbank market as two multinational oil companies sold about $107 million to some lenders. Exxon Mobil sold $72.2 million, while Italian oil firm, Eni’s Nigerian...

    • Posted August 27, 2013
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  • Foreigners have invested $5.11b in FG bonds as at December – DMO boss

    Director-General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, at the weekend urged Nigerian companies to take full advantage of the agency’s modest achievements in management of the nation’s public debt and awareness created about the...

    • Posted August 20, 2013
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  • Housing deficit: FMBN boss woos FG for N200b capital base

    Managing Director of Federal Mortgage Bank of Nigeria, Gimba Ya’u Kumo, on Monday in Abuja put total disbursement made so far to contributors at N100.5 billion, just as it has delivered 56, 000 houses. He urged the...

    • Posted August 14, 2013
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  • CBN cautions banks over appointment of chief compliance officers

    The Central Bank of Nigeria (CBN) has cautioned banks over appointment of chief compliance officers. In a circular titled, “Statues of Chief Compliance Officers of Banks”, the apex bank frowned at the practice where banks refuse to...

    • Posted July 26, 2013
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  • NLI, First Bank partner on grooming emerging leaders

    Nigerian Leadership Initiative (NLI) is partnering with First Bank of Nigeria Limited, Nigeria’s foremost financial institution to enhance capacity building among youths through the Future Leaders Seminar scheduled for Sunday 20 to Wednesday 23 October 2013 in...

    • Posted July 23, 2013
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  • N32.2bn fraud: Yar ’Adua, Sanusi, conspired to hijack Bank PHB –Utomi

    Renowned economist Prof. Pat Utomi yesterday told an Ikeja High Court that the late Umaru Musa Yar’ Adua, Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido Sanusi and others conspired to steal Platinum Habib Bank otherwise...

    • Posted July 18, 2013
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  • Sanusi wants naira redesign revisited

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Wednesday made a case for the revisit of the suspended naira redesigning project earlier proposed by the bank. Sanusi made the case when he appeared...

    • Posted July 18, 2013
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  • FirstBank, UNICEF partner on mobile payment solution

    First Bank of Nigeria Plc, through its mobile payment solution, FirstMonie has partnered with the United Nations Children Education Fund, UNICEF on its polio health scheme to ensure that its monetary donations get to recipients despite their...

    • Posted July 8, 2013
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