The Central Bank of Nigeria (CBN) on Monday sold 258.5 million dollars (N40.06 billion) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System (WDAS). The apex bank sold $263.67 million at the previous WDAS on August 28. Some dealers attributed the decrease in forex sales to the […]
Tag: Central Bank of Nigeria
UBA Fights Cyber Crimes Sets Up E-Banking Security Centre
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The United Bank for Africa Plc (UBA) Monday announced its fighting cyber crimes through the setting up of an E-Banking Security Centre. This is contained in a Statement by Nasir Ramon, Head of Media of the Bank and made available to InvestAdvocate in […]
CBN Warn Banks on Money Laundering
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Tuesday warned Banks, Discount Houses and Development Banks against Money Laundering and advised on the appointment of chief compliance officers (CCO). This contained a circular with reference number FPR/DIR/GEN/001/022 dated July 18 2013 and signed by Nwaoha I.T, Acting […]
