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A former head, Investor Relations at UBA Plc, Razaaq Abiola, has backed the new policy of the Central Bank of Nigeria targeted at managing the current forex crisis in the country. According to him, the banks are taking advantage of the Naira weakness to build long foreign currency position as…
On Thursday, PREMIUM TIMES observed that several BDC shops at the Wuse Zone 4 axis of Abuja were under lock and key.
Central Bank of Nigeria (CBN) has ordered that all banks with excess 20 percent foreign exchange holding should sell them off by today, February 1, 2024.
January 31, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a new directive to banks in the management of their foreign currency exposures which the apex bank said had created operational challenges in the system. In a letter to all banks dated January 31, 2024, and co-signed by the director, trade and exchange,
In a bid to manage risks and prevent potential losses with systemic implications, the CBN has issued stringent prudential requirements for banks