Tuesday, June 22, 2021
Business

FITC inaugurates  Future of Work Academy for youths

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The Financial Institutions Training Centre (FITC) has launched its Future of Work Academy (FOWA). This is line with its commitment to continuously bridge the...
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WorldRemit Sustains ‘Naira 4 Dollar’ Policy Implementation

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WorldRemit, a global cross-border payments company, says it will continue to reward customers who receive international money transfers through partner banks in Nigeria. As one...
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Exchange Rates

IMF: Country Specific Measures For Unconventional Times

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The International Monetary Fund (IMF) has listed specific measures adopted by countries to overcome economic challenges triggered by the Covid-19 pandemic. In a report released...
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Exchange Rates

Nigerians Reject Limits On $100 Debit Card Spending Abroad

Alfonce Martins - 0
Nigerians are not happy with their banks for slashing card spending limit on foreign transactions from $500 to $100 over dollar scarcity. Many of...
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Exchange Rates

IMF Lists Dangers of Dollar Loans For Emerging Markets  

Alfonce Martins - 0
The International Monetary Fund (IMF) has said dollar loans through the bond market come with heavy implications for emerging markets, like Nigeria, including putting...
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Exchange Rates

BDCs Wage War Against Forex Speculators, Black Market Dealers 

Michael Nwadike - 0
The Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers distorting...
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Exchange Rates

New Remittance Policy Reduces Cost, Checks Round-tripping- CBN

Michael Nwadike - 0
Further to the introduction of its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday, March 8, 2021, the Central Bank...
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Exchange Rates

Emefiele Suggests Naira Has Been Devalued to N410/$

Alfonce Martins - 0
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has suggested the nation’s currency has been devalued. Addressing bankers at a summit on the economy...
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Exchange Rates

MPC member wants naira exchange rates adjusted- report

Alfonce Martins - 0
A Member of the  Monetary Policy Committee (MPC), Prof. Adeola Adenikinju has advised the apex bank to 'creatively adjust' the exchange rate at minimum...
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Exchange Rates

WorldRemit Notes CBN Mandate on Dollar Account Opening 

Alfonce Martins - 0
Nigerian banks now mandated to open USD bank accounts for those receiving international money transfers WorldRemit, a leading cross-border digital payments service, welcomes the Central...
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Exchange Rates

OPS Advise CBN To Reintroduce WDAS  Forex Regime 

Michael Nwadike - 0
Manufacturers and industrialists under the Orgnasised Private Sector (OPS) have called on the Central Bank of Nigeria (CBN) to review it foreign exchange policy...
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Exchange Rates

Naira upbeat over $36.4b foreign reserves 

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The naira remains stable at the official and parallel markets,  with the foreign exchange (forex) reserves standing at $36.4 billion, data from the Central...
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Exchange Rates

Diaspora Remittances: Mobile Money Cartel Kicks Against  Dollar Pay For Beneficiaries 

Michael Nwadike - 0
Mobile money Cartel, the Association of Licensed Mobile Payments Operators (ALMPO) is asking the Central Bank of Nigeria (CBN) to stop policy allowing beneficiaries...
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