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CBN unveils guidelines for long-term credit to agric, manufacturing

By Nasir Kura The Central Bank of Nigeria (CBN) has underscored its intention to increase the flow of credit to the real sector of the economy, in order to consolidate

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Buhari signs instrument of accession to 2010 international cocoa agreement

By Ahmed Idris Sequel to the Federal Executive Council (FEC) approval for Nigeria to accede to the International Cocoa Agreement, 2010, President Muhammadu Buhari on Monday signed the Instrument of

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Central Bank of Nigeria Communiqué no 119 of The Monetary Policy Committee meeting of Monday, 23rd and Tuesday, 24th July, 2018

1.0      Background The Monetary Policy Committee (MPC) held its 262nd meeting on Monday, 23rd and Tuesday, 24th July, 2018 amid fragile improvements in global growth and the domestic economic recovery.

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Nigeria, Niger sign $2bn hydrocarbon pipeline, refinery

By Ahmed Idris The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, and the Nigerien Minister of Energy, Mr. Foumakaye Gado on Tuesday signed a memorandum of understanding

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Forex: CBN flags off SMIS in Chinese Yuan

The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the

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FOREX: CBN boosts Retail Segment with $318.73m

ABUJA – Customers in the retail segment of the Nigerian inter-bank foreign exchange market received a $318.73m boost from the Central Bank of Nigeria (CBN) on Friday, June 29, 2018.

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Government policy in mining sector yielding positive results – Buhari

By Ahmed Idris President Muhammadu Buhari on Thursday in Abuja said the federal government’s key policy objective of rejuvenating the mining sector was being realised as witnessed by the diversification

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Nigerian govt approves N993.3m simulator for Nigeria College of Aviation Technology

By Ahmed Idris The Federal Executive Council (FEC) on Wednesday approved approved N993.3 million for Simulator at the Nigeria College of Aviation Technology (NCAT), Zaria. This was disclosed by the

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Forex market gets $210 million lift

By Nasir Kura The Central Bank of Nigeria (CBN) has made available the sum of $210 million to meet customers’ requests in various segments of the foreign exchange market. In

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CBN injects $210 million into forex market

By Nasir Kura The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. The apex

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