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CBN lifts forex market with $210

CBN lifts forex market with $210

The Central Bank of Nigeria (CBN) has again intervened in the interbank foreign exchange market by injecting the sum of $210 million in the sales concluded yesterday. Figures obtained from the bank indicated that it offered the sum of $100 million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received theRead More …

CBN Postpones MPC Meeting To Observe Public Holiday

  Nigeria’s Central Bank Monetary Policy Committee (MPC) has shifted its last rate decision meeting for the year, in observance of the public holiday, slated to hold on Tuesday, November 20, 2018. The two day-meeting which was earlier scheduled to hold on Monday and Tuesday will now hold on November 21- 22. Economic analysts say … Continue reading CBN Postpones MPC Meeting To Observe Public Holiday
The post CBN Postpones MPC Meeting To Observe Public Holiday appeared first on Channels Television. …

MTN Group shares rise on report that Nigeria could reduce $10.1bn fine

MTN Group shares rise on report that Nigeria could reduce $10.1bn fine

The shares of South Africa’s MTN Group rose 2.6 percent on Wednesday following a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company in a dispute. The figure covers the return of funds that were transferred overseas by MTN and a separate $2 billion tax bill. […]
The post MTN Group shares rise on report that Nigeria could reduce $10.1bn fine appeared first on The Sun Nigeria. …

FG’s plan to cut MTN fine causes ripples in Senate

Fred Itua, Abuja Purported plans by the Federal Government to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million is causing ripples in the Senate, Daily Sun has gathered. It was learnt that the Federal Government, working through the Central Bank of Nigeria (CBN), may have concluded plans to cut […]
The post FG’s plan to cut MTN fine causes ripples in Senate appeared first on The Sun Nigeria. …

NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

NAN The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City on Tuesday at the opening of a workshop for financial journalists organised by the NDIC. He said that the saving was achieved through […]
The post NDIC saved N949bn depositors’ funds in failed Skye Bank – MD appeared first on The Sun Nigeria. …

Imbibe saving culture, Ecobank boss tasks students

Imbibe saving culture, Ecobank boss tasks students

Ecobank Nigeria has called on Nigerian students to start engaging in saving as a starting point to imbibing a profitable financial culture.  Its Managing Director, Patrick Akinwuntan, recently gave this advice during an interactive session with students at the Edgerly Memorial Girls Secondary School, Calabar as part of this year’s World Savings Day. The bank […]
The post Imbibe saving culture, Ecobank boss tasks students appeared first on The Sun Nigeria. …

Focus Labs and economic benefits of implementing ERGP

Focus Labs and economic benefits of implementing ERGP

The focus labs identified projects that can boost commercial and industrial development, employment generation with positive impact on families… Chiwendu Obienyi It is a little over one year since President Muhammadu Buhari’s administration launched the Economic Recovery and Growth Plan (ERGP) to unlock potential in the non-oil sector for the purpose of diversifying the economy to reduce […]
The post Focus Labs and economic benefits of implementing ERGP appeared first on The Sun Nigeria. …

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