The Central Bank of Nigeria has barred Deposit Money Banks and discount houses from recruiting new employees without first seeking the central bank’s written approval. The development followed the rising cases of fraud and the attendant recycling of dismissed employees in the financial services industry, according to a new CBN […]
Tag: Central Bank of Nigeria
Nigeria c.bank tightens rules for currency dealers to support naira
* Central bank to require dealers to park naira at c.bank before currency auctions * Naira has fallen 2.9 percent so far this year * Dealers say latest move unlikely to halt slide in local currency * Central bank has been selling $800 mln weekly at forex auctions Nigeria’s central […]
CBN dollar sale jumps by 260%
The increasing pressure on the naira may have made the Central Bank of Nigeria’s weekly dollar sale at the Retail Dutch Auction System to increase by 260.5 per cent, according to the central bank’s statistics. The data indicated the central bank offered a cumulative total of $3bn to defend the […]
