The naira weakened for a second day on the Nigerian interbank market, heading for its biggest fall in three weeks, as import demand for dollars exceeded supply. The currency of Africa’s top oil producer fell 0.4 percent to 158.18 a dollar as of 11:33 a.m. in Lagos, the commercial capital, […]
Tag: Central Bank of Nigeria
CBN to assess bank managers’ competence
The Central Bank of Nigeria has directed deposit money banks to furnish it with information on its managers with a view to assessing their competences. The bank, in a statement posted on its website, said there was the need to assess the skills, qualifications, experiences and competences of bank employees […]
N5,000 bill will complement cash-less policy –CBN
The Central Bank of Nigeria on Monday defended the introduction of the N5,000 note, and argued that the new bill would complement the cash-less policy and reduce the cost of banking operations in the country. The apex bank also said the N5,000 note would put the country ahead of currency […]
