Naira exchanges at N359 to dollar at parallel market
The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and
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MONEY MARKET
CBN issues ‘Disclosure, Transparency Guidelines’ on Consumer Protection Framework
The Central Bank of Nigeria (CBN) has issued guidelines on disclosure and transparency Consumer Protection Framework (CPF). The guidelines,
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Naira closes at N362.57 to dollar at investors window
The currency was N359 to dollar at the parallel market in Lagos, while it was exchanged at N445 and N397
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Fidelity Bank rewards 7,109 customers with N2.9bn
Fidelity Bank on Wednesday said it had rewarded 7,109 customers with N2.9 billion since 2015. The bank’s Regional Head, Mrs
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NIBSS attributes 19% failed PoS transactions to customers’ errors
Data from the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that 19 per cent of the declined transactions on Point
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CBN asks banks to back T-bills bid with demand
The Central Bank of Nigeria (CBN) has asked banks to back all Treasury Bills bids with customer demand, The Nation
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CBN injects $210m in forex market
The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central
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Naira gains marginally against dollar at parallel market
The naira appreciated marginally against the dollar at the parallel market on Thursday, exchanging at N359 to the dollar.
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CBN bars interest payments on bank deposits above N2bn
The Central Bank of Nigeria (CBN) said lenders will no longer receive interest payments on deposits exceeding N2 billion
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OPay targets new Africa markets after $50M funding
Nigeria-focused mobile payments company OPay raised $50 million from investors, cash it plans to use to expand the scale
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