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Central bank fixes April 3 and 4 for monetary policy committee meeting

This is just as Standard and Poor’s (S&P) has affirmed its ‘B/B’ long and short-term sovereign credit ratings on Nigeria. The agency also assigned a “stable outlook” on the country.

Qatar asks US to probe financial manipulation by UAE

Qatar's central bank has asked US regulators to investigate an Emirati bank that Doha accuses of waging "financial warfare" against it.

Bank customers reduce despite central bank’s campaign for financial inclusion

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using financial services reduced in 2017.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

Sterling bank takes financial literacy to Imo, hosts Lagos schools

Sterling Bank Plc has taken its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide, to mark the 2018 edition of the Financial Literacy Day.

Pound recovers as world supports Britain in spy case

The British pound recovered Friday from weakness prompted by a Russian decision to expel British diplomats, as the world rallied in support for London in a crisis sparked by the poisoning of a double agent, analysts said.

Central bank delays monetary policy meeting

The next Monetary Policy Committee (MPC) meeting will hold between seven to 10 days behind schedule, the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Thursday.

Keystone Bank partners NIPOST, launches agency banking

One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick & Mortar mode of banking.

Godwin Emefiele: MPC meeting to hold after Senate confirmation of central bank deputy governors

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday the Monetary Policy Committee (MPC) meeting would hold between seven and 10 days after the Senate confirms the list of deputy governors and MPC members submitted by President Muhammadu Buhari.

Central bank, others brainstorm on new bank customers target

The Central Bank of Nigeria (CBN), bank operators and other stakeholders in the financial sector on Thursday deliberated on ways to ensure financial inclusion of additional 7.6 million Nigerians in 2018.

GTBank announces full year 2017 profit before tax of N200.24 billion

The foremost institutional Bank, Guaranty Trust Bank plc, has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges.

DMO: Nigeria’s debt hit N21.7 trillion in 2017

Nigeria’s total national debt grew to N21.7 trillion ($70.92 billion) at the end of December 2017, the Director-General of Nigeria’s Debt Management Office told a news briefing on Wednesday.

Google to ban ads promoting cryptocurrency and ICOs from June

Google has announced it will ban advertisements that promote cryptocurrencies and initial coin offerings (ICOs) starting from June.

Central bank injects another $210m into foreign exchange market

The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million dollars into the foreign exchange market.


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NTF: Tennis academy, key to building great stars in Nigeria

Ifedayo Akindoju, President of Nigeria Tennis Federation (NTF), on Tuesday identified Tennis academy as key to building great stars in Nigeria capable of competing globally.

China waives income tax for foreign investors trading yuan crude futures

China will waive income tax for three years for foreign investors trading the country’s new crude futures contract, the Ministry of Finance said on Tuesday.

Recep Erdogan vows to extend Turkey’s operation to Syria’s northeast

Turkey has vowed to expand its operation in Syria's Afrin region to other Kurdish-held areas further east, prompting fears for a possible confrontation with US troops stationed in the area.

Israel, US slam Abbas for calling American ambassador ‘son of a dog’

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