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‘Spain imports N1.38tr products from Nigeria’

    ‘Spain imports N1.38tr products from Nigeria’

The Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, Mr Pablo Segrelles, yesterday said his country imported products valued at N1.38trillion(4 billion Euros) from Nigeria last yaer.

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Forex market trades $327m, foreign investors buy bonds

    Forex market trades $327m, foreign investors buy bonds

The nation’s foreign exchange market recorded $327m worth of transactions on Monday, about six times more than its usual volume, the FMDQ OTC Securities Exchange, told Reuters. This included a

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Naira falls further to 414/dollar

    Naira falls further to 414/dollar

The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in the country, with economic experts predicting

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CBN accuses banks of violating international money transfer rules

    CBN accuses banks of violating international money transfer rules

The Central Bank of Nigeria (CBN) has accused commercial banks of compromise in the ways they handle proceeds from international money transfer inflows into the country. A circular to banks

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Dangote Rice hits market soon

    Dangote Rice hits market soon

The much expected Dangote Rice is billed to hit the market very soon as the management has commenced the harvest

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N7.5b local car purchase loans scheme on the way

    N7.5b local car purchase loans scheme on the way

More Nigerians are expected to ride brand new cars soon – thanks to a loans scheme which is in the

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CBN to stop dud cheque issuers from operating current account

    CBN to stop dud cheque issuers from operating current account

The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current

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$2.3bn NNPC funds: CBN bars 9 banks from forex market

    $2.3bn NNPC funds: CBN bars 9 banks from forex market

The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the

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CBN to punish banks for illegal forex transactions

    CBN to punish banks for illegal forex transactions

Banks were yesterday hit with allegations of round tripping. Acting Director, Trade & Exchange, W.D. Gotring, in a circular to

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Another SA company exits Nigeria over economy crisis

    Another SA company exits Nigeria over economy crisis

Sun International, with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions

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