CBN reacts to alleged plan to crash exchange rate to N1.25 kobo
The Central Bank of Nigeria (CBN) has denied an alleged plan to introduce a new naira policy that will crash the dollar exchange rate to
Source: newsdigest.ng
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CBN stops banks from utilising naira devaluation gains
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.
Source: thecable.ng
CBN orders Access, GTB, UBA, other banks to stop paying dividends with Forex gain
The CBN instructed local banks to use gains in their foreign currency (FCY) holdings and liabilities as insurance against potential declines in the FX rate.
Source: legit.ng