Chad’s Junta leader clinches presidential vote
May 10, 2024
The Central Bank of Nigeria has directed Deposit Money Banks to liquidate any surplus dollar stock by February 1, 2024, as part of new efforts to stabilize the country's erratic currency rate. The CBN, which made the announcement in a fresh circular issued on Wednesday, also urged lenders not to hold extra foreign currency for profit. According to officials, the central bank believes that some commercial banks maintain long-term foreign exchange positions in order to profit from exchange rate volatility. The new circular introduces a set of guidelines aimed at reducing the risks associated with these ...
Read moreThe Central Bank of Nigeria (CBN) has appointed new executives to oversee the affairs of Union, Keystone, and Polaris Banks. ...
Read moreThe Central Bank of Nigeria (CBN) has restated its commitment to promote orderliness and professional conduct by all participants in ...
Read moreThe newly confirmed Central Bank of Nigeria (CBN), Governor, Dr. Olayemi Cardoso,o has disclosed plans to shore up the country’s ...
Read moreThe Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, for confirmation ...
Read moreOlayemi Micheal Cardoso is a Nigerian banker, chartered stockbroker and public policy maker who serves as the Acting Governor of the ...
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