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No Plans to Make $1 Equal N1.25, CBN Says, Warns Commercial Banks About Spending FX Gains Recklessly

September 13, 2023

The Central Bank of Nigeria (CBN) has denied a social media story stating that it will soon introduce a policy that will make the dollar at par with the naira soon.

Haruna Mustafa Central Bank Bank Holding Guaranty Trust Holding Company First Bank Fidelity Bank

Source: legit.ng

CBN stops banks from utilising naira devaluation gains

September 12, 2023

The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations.

Haruna Mustafa Central Bank Prudential Guidance Banking Sector Obligor Limit Single Obligor

Source: thecable.ng