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Category: Economy

Business Economy

CBN boosts forex supply by $240m

Iheanyi Ejiofor April 3, 2017 headline

…$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only …Directs banks to pay cash to desiring customers OTC     The Central Bank of…

Read More CBN boosts forex supply by $240m
Economy

Nigeria’s debt burden inching towards N19.3 trillion

Iheanyi Ejiofor April 3, 2017 headlineudo udoma

Nigeria’s debt burden is projected to hit N19.3 trillion by December of 2017, according to economy analysts who have also warned that the country might be heading for another debt…

Read More Nigeria’s debt burden inching towards N19.3 trillion
Economy

CBN to sustain foreign exchange liquidity

Iheanyi Ejiofor April 2, 2017 dollarforexheadline

The Central Bank of Nigeria has reiterated its decision to sustain the supply of foreign exchange in order to ensure liquidity in the market and enable genuine users access and…

Read More CBN to sustain foreign exchange liquidity
Business Economy

WE have adequate Forex for PTA, BTA, Tuition & Medical Fees -CBN

Iheanyi Ejiofor April 1, 2017 headline

Kunle Binuyo || The Central Bank of Nigeria (CBN) has described as totally untrue information being fed to some customers seeking to buy forex for BTA, PTA, medical and school…

Read More WE have adequate Forex for PTA, BTA, Tuition & Medical Fees -CBN
Business Economy

MTN pays another $30 billion to FG to settle fine

Iheanyi Ejiofor March 31, 2017 headlinemtn

MTN Nigeria has paid N30 billion to the federal government as part settlement of the N330 billion fine imposed on the MTN group for failing to disconnect unregistered SIM cards…

Read More MTN pays another $30 billion to FG to settle fine

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