October 3, 2016/Punch Oyetunji Abioye There is no end in sight to the continued depreciation of the naira despite recording a little gain against the dollar on Friday. The local currency has been on a free fall in the last two weeks, losing about 15 per cent of its value […]
Money Market
CBN Enhances Minimum Qualifications for Bank CCOs to Ensure Strict Compliance
September 30, 2016/CBN In its attempt to ensure strict compliance with all extant regulations; particularly those relating to foreign exchange transactions, Financial Action Task Force (FATF) and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT), the CBN has decided to enhance the minimum qualifications for the position of the Chief Compliance […]
Naira Breaks Historic Low, Hits 490/$, Strengthens 475/$ in Parallel Market
By InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian naira on Friday broke a historic low of N490/$, in multiple sessions before eventually settling at N475 per dollar in the parallel segment of the FX market, according to Cordors currency tracker report. Despite the Central Bank reinforcing its commitment to supporting the […]
