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The House of Representatives has resolved to conduct an investigative hearing on the non-compliance by banks and financial institutions with Central Bank of
Mr Benson, in his motion, said some banks are sabotaging the efforts of the central bank to halt the slide of the naira against major currencies.
Kris Atkinson and Shamil Pankhania, Portfolio Managers, Fidelity Short Dated Corporate Bond Fund and Fidelity Sustainable MoneyBuilder Income Fund Fixed income markets are approaching an inflection point amid signs of easing inflation and expectations of lower rates. As the impact of tight monetary policy edges the
The Central Bank of Nigeria has said that it has no plan to convert domiciliary account holdings into naira.
In addition, banks are to have in place a foreign exchange contingency funding arrangement with other financial institutions.