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CBN To Begin Charges On Withdrawals And Deposits 

CBN To Begin Charges On Withdrawals And Deposits 

🕔09:10, 24.Feb 2017

The Central Bank of Nigeria said it will re-introduce bank charges on certain categories of cash deposits and withdrawals. In a circular on its website, the CBN said the decision  was part of the review of charges on deposits and

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Naira Continues To Regain Stance

Naira Continues To Regain Stance

🕔13:45, 23.Feb 2017

The naira continues to regain it’s stance as it sold at N505/ dollar at the end of Wednesday against the N519 it sold on Tuesday The naira which sold at an all time high of N522 to the dollar on

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Availability Of Forex At Airport: Banks Defy CBN Directives

Availability Of Forex At Airport: Banks Defy CBN Directives

🕔13:38, 23.Feb 2017

Forex scarcity still looms at airports as passengers still could not access ‎the dollar at the airport despite directives from the Central Bank of Nigeria, (CBN) for banks to open foreign exchange currency retail outlets ar various airports across the

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75 Million Nigerians Still In Darkness–World Bank

75 Million Nigerians Still In Darkness–World Bank

🕔07:48, 23.Feb 2017

Nigeria has been rated as one of the countries with poor access to electricity with 75 million people still in darkness. An energy scorecard released by the World Bank, added that  Ethiopia, Nigeria and Sudan alone have 116 million people

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FG Orders Telcoms To List On NSE

FG Orders Telcoms To List On NSE

🕔11:38, 22.Feb 2017

Mobile telecommunication companies have been ordered by the Federal Government to  list their shares on the Nigerian Stock Exchange (NSE) or face sanctions. This order was issued by the Minister of Communications Technology, Mr. Adebayo Shittu, during the launch of

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Naira Makes Gain,Returns To $1-N512

Naira Makes Gain,Returns To $1-N512

🕔11:34, 22.Feb 2017

The naira recorded slight gain on Tuesday as it returned to 512 / dollar  on the parallel market , a day after the Central Bank of Nigeria introduced a new foreign exchange policy action. The CBN had on Monday announced

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Market Records N29bn Profit As CBN Reviews Forex Policy

Market Records N29bn Profit As CBN Reviews Forex Policy

🕔08:25, 21.Feb 2017

The Nigerian equities market recorded a profit of N29bn on Monday after a new foreign exchange policy was released by the Central Bank of Nigeria. The Nigerian Stock Exchange market capitalisation which was at N8.709tn climbed to N 8 .

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Ntel Flags Off Commercial Operation in Port Harcourt

Ntel Flags Off Commercial Operation in Port Harcourt

🕔18:21, 20.Feb 2017

4G/LTE mobile network operator, ntel, has commenced commercial operations in Port Harcourt, Rivers State. This was disclosed in a letter to Port Harcourt subscribers, Kamar Abass, CEO of ntel. It would be recalled that ntel, Nigeria’s fifth Mobile Network Operator

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Revenue Loss: Telecom Companies To Stop Skype, WhatsApp Calls

Revenue Loss: Telecom Companies To Stop Skype, WhatsApp Calls

🕔07:12, 20.Feb 2017

 Emerging reports indicate that Telecoms companies in the country plans to block subscribers from accessing Skype and other social media services in order to address revenue loss and meet the N20tn  target.Due to the economic recession, subscribers have resulted to

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Naira Falls To 516 Per Dollar

Naira Falls To 516 Per Dollar

🕔09:27, 17.Feb 2017

The naira continues in its free fall mode with the local currency selling for 516/ dollar on the streets of Lagos on Thursday. The local currency crumbled  at the parallel market from 510/ dollar on Wednesday to 516/ dollar on

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