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foreign currencies

Foreign Exchange: CBN Bans Currency Collateral For Naira Loans.

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The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency as collateral for Naira loans. This directive contained in a circular by Dr. Acting...

Foreign Exchange: Naira Depreciates Further To N614/$ At Parallel Market

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The Nigerian naira has dropped to N614 against the dollar at the parallel section of the foreign exchange market.The figure signifies a depreciation of...

Made-In-Nigeria Goods: NEPC Eyes Ivorian Market To Boost Foreign Exchange Earnings

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The Nigerian Export Promotion Council, NEPC, is targeting Cote D’Ivoire to expand the country’s non-oil exports and boost foreign exchange earnings.To actualise this, the...

Foreign Exchange: Nigerians Spend $39.66bn On Foreign Education, Medical Tourism –...

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Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data.According...

Foreign Exchange: Buhari Receives Manufacturers, Promises Access To Forex

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President Muhammadu Buhari has assured manufacturers in the country that the federal government would take appropriate measures to improve access to foreign exchange for...
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