Foreign exchange reserves have risen to more than 29-month high of $41.12bn by September 26, and were up by 7.16 per cent month-on-month, latest figures by the Central Bank of Nigeria have shown. The figures revealed that forex reserves had not been as high as $41.12bn since April 19, 2010, […]
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Inter-bank rates fall
Inter-bank lending rates eased marginally last week to an average of 10.58 per cent, from 10.83 per cent the previous week, as market liquidity was boosted by repayment of large funds in matured treasury bills. Dealers said about N95bn ($603.75m) in maturing treasury bills hit the system last week, boosting […]
CBN introduces anti-money laundering regulation
The Central Bank of Nigeria has finalised and gazetted the Anti-Money Laundering/Counter Terrorism Financing Compliance Manual to give it a full effect of law. A circular released by the bank to all banks and financial institutions on Friday said that the manual had been renamed, ‘CBN AML/CFT REGULATION (2009)’. It […]
