The value of the naira last week remained stable across foreign exchange market as the Central Bank of Nigeria (CBN) and the Nigerian Autonomous Foreign Exchange (NAFEX) market pumped $1.549 billion and CNY 38.70 million into the foreign exchange market. Data obtained from NAFEX also known as the Investors and Exporters (I&E) window showed that […]
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CBN injects $289m, CNY38.70m into retail secondary Forex Market - Premium Times NigeriaThe dollar-denominated interventions are mainly for transactions in the agricultural and raw materials sectors.
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Buhari Inaugurates CBN Project At UNECPresident Muhammadu Buhari has inaugurated the world class Post-Graduate Centre of Excellence at the University of Nigeria, Enugu Campus (UNEC) constructed and donated by the Central Bank of Nigeria (CBN), which he lauded for making huge investments for the overall development of the country. Speaking shortly before he unveiled the commemorative plaque and cut the […]
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CBN issues banknotes fitness guidelines to banks
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CBN To Fine Banks For Dispensing Mutilated Naira NotesThe Central Bank of Nigeria (CBN) will henceforth fine commercial banks for dispensing unfit naira notes either over the counter (OTC) or through Automated Teller Machines (ATM), while the mutilation of notes will attract a fine of N50,000 or six months imprisonment as the apex bank has released a Clean Note Policy and Banknotes Fitness […]
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