The increasing pressure on the naira has forced the Central Bank of Nigeria to defend the currency with $1.45bn within the first two weeks of this year, latest statistics by the bank has shown. According to the data, the central bank offered $1.45bn in four regulated actions through the Retail […]
Tag: Central Bank of Nigeria
Nigeria’s Central Bank Releases Financial Stability Report-June 2013
Global output was projected to grow at 3.1 per cent in 2013, the same rate as in 2012, owing to weak demand and growth in major emerging economies, persisting crisis in the Euro area, and weak expansion of the US economy. These factors, combined with improved supply of commodities, were […]
CBN Unveils IT Standards for Banks
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Wednesday released the Information Technology (IT) standards for Deposit Money Banks in Nigeria. This is contained in a circular with reference ITD/DIR/GEN/INC/01/001 and signed by John Ayoh, Director, Information Technology Department of the CBN and made available on its […]
