All posts tagged "CBN"

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  New Banking Laws Underway – CBN Gov

  Four new laws is on the way that will tighten the financial sector regulations, the Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi yesterday said. The bills are  the Electronic Transaction Bill, the Financial Ombudsman Bill,...

  • Posted March 18, 2012
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  CBN to Disburse N 75 Billion in Lending for Agricultural Sector

  Nigeria’s apex bank, the CBN, has injected N 75 billion facility into the agricultural sector of the economy. This is in a bid to diversify the country away from its dependence on oil income and support local...

  • Posted March 6, 2012
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  CBN Bans GSM Companies From Mobile Money Advertisement

  The Central Bank of Nigeria, CBN, has banned GSM telecommunication companies from advertising on behalf of any mobile money scheme operators. The ban was communicated via a circular to all mobile scheme operators, signed by Mr. Gaus...

  • Posted December 30, 2011
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  Electronic Payment of Goverment Salaries to Start in January 2012 -CBN

  The Central Bank of Nigeria has said it had  concluded plans to implement the electronic payment of government supplies, all forms of taxes, salaries and pensions by January 2, 2012. Speaking  at a one-day Public Sector Stakeholders...

  • Posted December 2, 2011
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  Why can’t Nigeria compel MTN, GLO, Shell to list in Stock Exchange? – Sanusi

  The Central Bank of Nigeria (CBN) Governor, Lamido Sanusi has said multinational companies in the country must be compelled to list on the Nigeria Stock Exchange (NSE), so as to contribute to the nation’s economic growth. Speaking...

  • Posted November 13, 2011
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  CBN In Talks With NIPOST Over Turning Post Offices To Mobile Payment Centres

  Post offices may serve as mobile payment centres, if talks between the Central Bank of Nigeria (CBN) and Nigerian Postal Services (NIPOST) sail through. Under the plan, CBN and NIPOST will share facilities to promote the mobile payment...

  • Posted November 9, 2011
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  CBN May Devalue Naira to 155-156 Per Dollar – Sanusi

  Nigeria’s central bank may lower its official target for the naira to 155-156 per dollar and aim to keep it stable around that level over the next year, Governor Lamido Sanusi said. “We think at this point...

  • Posted October 31, 2011
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  FG’s Fertiliser Subsidy Is Fraudulent – Sanusi

  THE Central Bank of Nigeria (CBN) governor, Mallam Lamido Sanusi, on Monday, said the subsidy on fertilisers to Nigerian farmers by the Federal Government is a fraud, saying that only about 11 per cent of the subsidised fertilisers...

  • Posted October 25, 2011
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  Nigerian interbank rates rise on low cash

  The Nigerian interbank lending rates climbed on Friday to an average of 14.50 percent from 13.50 percent last week as system liquidity thins out with outflows to bonds and foreign exchange purchases by lenders. The cost of...

  • Posted October 22, 2011
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  FG Plans Relief Package for Shareholders of Nationalised Banks

  Angry shareholders of three bridge banks who lost their investments due to government’s acquisition of the institutions can now heave a sigh of relief as latest indications from regulators show that the Federal Government may be considering...

  • Posted October 22, 2011
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