All posts tagged "CBN"

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  Elections: Assessing CBN’s controlling policy on inflation

  The benchmark lending rate was recently increased from 6.5 per cent to 7.5 per cent by the Monetary Policy Committee of the Central Bank of Nigeria. Experts say the increase will strengthen the value of the naira...

  • Posted March 28, 2011
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• MPR increase: Controlling inflation ahead of the elections

  The benchmark lending rate was recently increased from 6.5 per cent to 7.5 per cent by the Monetary Policy Committee of the Central Bank of Nigeria. Experts say the increase will strengthen the value of the naira...

  • Posted March 28, 2011
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• Anxiety as banks struggle to meet divestment deadline

  There are indications that many banks are yet to divest from their insurance subsidiaries, a few days to the deadline given by the Central Bank of Nigeria (CBN). The apex bank had fixed March 31, this year,...

  • Posted March 28, 2011
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  Arbitrary Bank Charges: Account Holders Seek Regulatory Authorities’ Intervention

  BANKING industry regulatory authorities have been urged to tackle arbitrary and unfair charges banks usually deducted from their customers’ accounts without notification of such charges to the account holders. The call, which was made in Lagos, at...

  • Posted March 27, 2011
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• NASSI to Launch Loans for Member Firms

  The Nigerian Association of Small Scale Industrialists (NASSI) is set to launch a Guarantee scheme of its member firms.   The President of the body, Mr Chuku  Wachuku, who made the disclosure in Lagos Wednesday said the programme...

  • Posted March 27, 2011
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• CBN, Credit Bureaux Plan Identification Scheme

  As part of efforts aimed at enhancing the flow of credit in the country, the Central Bank of Nigeria (CBN) and operators of Credit Bureaux in the country are considering the introduction of a unique means of identification...

  • Posted March 27, 2011
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• CBN Tightens Noose Against Naira Depreciation

  The Central Bank of Nigeria (CBN) Wednesday  adopted new measures aimed at protecting the naira, Nigeria’s local currency against exchange rate risk exposure with the implementation of Wholesale Dutch Auction System Forwards (WDAS-FWD). The regulator disclosed this...

  • Posted March 26, 2011
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• Naira Slide Attributed to Capital Outflow

  Renaissance Capital Group (RenCap) has attributed the drop in the value of the naira, Nigeria’s local currency against the US dollar in recent times to capital outflow from the Nigerian economy. The international Investment and Financial management...

  • Posted March 26, 2011
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• CBN to introduce Biometric ATM cards to check fraud

  To check ATM frauds, the Central Bank of Nigeria (CBN) is set to introduce biometric ATMs in the country. Answering questions from journalists at the end of the Monetary Policy Committee meeting in Abuja yesterday, the CBN...

  • Posted March 26, 2011
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• Naira firms, yields rise after rate hike

  THE naira firmed against the United States dollar and inter-bank lending rates rose yesterday after the Central Bank hiked its key interest rate by a surprise 100 basis points to 7.5 per cent, traders said. The naira,...

  • Posted March 26, 2011
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