Latest figures from the Central Bank of Nigeria have shown that foreign exchange reserves jumped to $42.02bn by October 17, the highest in 32 months and an increase of 3.11 per cent, month-on-month. Figures on the CBN website showed that the reserves, which stood at $40.75bn a month ago, were […]
Tag: Central Bank of Nigeria
CBN intervenes in forex market with $180m
The Central Bank of Nigeria has intervened with an offer of $180m at the foreign exchange market on Monday. The CBN, in a circular, directed the authorised dealers to fund their current accounts with the bank at the time of disbursement, failing which the bids would be cancelled. Meanwhile, the […]
Money laundering: CBN issues fresh directives to banks
The Central Bank of Nigeria has issued fresh directives to banks to comply with the amended anti-money laundering/combating the financing of terrorism regulation, 2009 so as to align with money laundering Act, 2011 and terrorism Act, 2011. A circular by the CBN on Friday listed the sections of the AML […]
