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Analysts have advised the Central Bank of Nigeria (CBN) to be careful on how it manages the $2.4 billion controversial backlog, saying that clearing the
It was learnt that the treasury departments of the DMBs spent the entire day battling to sell their excess FX holdings. Officials processed several foreign exchange request forms of their customers as they sold more dollars to them, The PUNCH gathered.
The Central Bank of Nigeria (CBN) has taken decisive action against commercial banks accused of hoarding foreign currency for profit. | Pulse Nigeria
In a bid to manage risks and prevent potential losses with systemic implications, the CBN has issued stringent prudential requirements for banks
By Tony Obiechina, Abuja In a bid to manage risks and prevent potential losses with systemic implications, the CBN on Wednesday issued stringent prudential requirements for banks. The requirements are contained in a circular addressed to all banks and signed by the duo of the apex bank’s Director of Trade and Exchange, Hassan Mahmud, and