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All posts tagged "n160"

  • SWF: FG invests N32b, $1b excess crude revenue

    The Federal Government has so far invested N32 billion ($200 million) of its fledgling Sovereign Wealth Fund (SWF), representing 20 per cent of the $1 billion (about N160 billion) to guard against commodity price shocks. Nigeria, Africa’s top...

    • Posted September 27, 2013
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  • Cash Reserve Requirement: CBN withdraws N1tn from banking system

    The Central Bank of Nigeria on Wednesday began the implementation of its new 50 per cent Cash Reserve Requirement policy, which requires Deposit Money Banks to keep 50 per cent of all public sector funds with the...

    • Posted August 9, 2013
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  • Naira falls to N159, weakest in 10 months

    The Naira fell to its weakest level in almost 10 months on the interbank market on Friday, driven down by strong demand for the dollar by offshore investors exiting the bond market and repatriating dividends, traders said....

    • Posted June 7, 2013
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