cbn forex policy
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Nigeria Central Bank's New Forex Regulations Trigger Varied Sentiments in Nigeria
The Central Bank of Nigeria (CBN) has enacted stringent measures to bolster liquidity in the foreign exchange market, instructing banks to limit their Net Open Position (NOP) of foreign currency assets and liabilities to 20% of shareholders' funds. The directive, issued through a CBN circular... -
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Metro Abuse The Naira, Go To Jail - CBN Warns Nigerians
The Central Bank of Nigeria on Friday warned Nigerians against abusing the naira notes. The apex bank said anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail or a fine of N50,000. An official of the Currency Operation Department at the CBN...- mrsam
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Business 5 Ways The New CBN Policy May Revive The Naira
The Central Bank of Nigeria, CBN on Monday bowed to pressure by releasing a new foreign exchange policy in the country with immediate effect. The new policy is coming after the National Economic Council, NEC, urged for immediate review to stem the widening gap between the inter-bank foreign...- ProfRem
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