The nation’s quest of becoming the hub of Islamic banking in West Africa received a boost on Monday, as the Central Bank of Nigeria (CBN) and other relevant agencies concluded plans to issue the
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Nigeria Sells $400 Million at Auction as Naira Weakens
June 22, 2011 Comment Off 93 ViewsNigeria sold $400 million at a foreign-exchange auction today, less than the $478.8 million requested by lenders, as it tries to keep the naira in a range to control inflation. Dollars were sold
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Nigeria Plans to Sell First Sukuk Bond Within 18 Months, Central Bank Says
June 22, 2011 Comment Off 35 ViewsNigeria plans to sell its first sukuk within 18 months, Central Bank of Nigeria Governor Lamido Sanusi said today. The country’s Debt Management Office is working on policies to be able to enact
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Bailed-Out Nigerian Banks May Seek London Exchange Listing to Raise Funds
June 2, 2011 Comment Off 40 ViewsThe Nigerian Central Bank is seen in Abuja, Nigeria. The central bank has ordered lenders to boost capital by Sept. 30 or it will withdraw interbank guarantees. Photographer: Suzanne
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Nigeria Approves International Licenses for Nine Banks
June 1, 2011 Comment Off 38 ViewsNigeria’s central bank gave approval in principle to nine lenders’ applications for international operating licenses, Deputy Governor Kingsley Moghalu said. The lenders that won approval for
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N200bn agric loan: NAIC criticises banks over non remittance of premium
June 1, 2011 Comment Off 94 ViewsThe Nigerian Agricultural Insurance Corporation (NAIC) has condemned the failure of some major commercial banks participating in the disbursement of the N200 billion commercial agric loans to remit
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EFCC Advocates Unconditional Repatriation Of Stolen Funds
May 31, 2011 Comment Off 33 ViewsChairman of the Economic and Financial Crimes Commission (EFCC), Mrs Farida Waziri, has called for an unconditional repatriation of over $148 billion annually stolen from African countries and hid
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Mixed reactions trail Okereke-Onyiuke court judgment
May 25, 2011 1 Comment 144 Views
Some market operators have expressed divergent views on the judgment of a Federal High Court in Lagos last Friday which nullified the removal of the former director general of the Nigerian Stock
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Nigerian Central Bank Raises Key Rate to 8% to Help Stabilize the Naira
May 25, 2011 Comment Off 65 Views
Nigeria’s central bank raised its benchmark interest rate for the third time this year and doubled the reserve requirement as it tries to stabilize the naira and counter the impact on prices of
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Nigeria: FG Budgets N850 Million for Jonathan’s Inauguration
May 25, 2011 Comment Off 41 ViewsAbuja — ABUJA has budgeted N850 million for the inauguration of Goodluck Jonathan as President on May 29, expected to be witnessed by dignitaries from within and outside the country. The figure
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Events
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Africa Day Celebration: A Vibrant Showcase of African Culture in London
April 29, 2025
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CANUK Celebrates 20 Years of Community Excellence with Grand Anniversary Gala
April 25, 2025
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Ben Okri’s African Stories Anthology: Exclusive Book Launch in London
April 25, 2025
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Celebrate Africa Day at World in Westminster – A Vibrant Cultural Showcase
April 25, 2025
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Tunnel Vision Fridays: A Night of Afrobeat, Amapiano, and More in London
April 25, 2025
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15th UK-Africa Trade & Investment Summit 2025: Strengthening Economic Partnerships
April 24, 2025
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Nigerian Festival UK 2025: Celebrating Culture, Music, and Heritage
April 23, 2025
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