Inter-bank lending rates were flat across the board last week at an average of 10.58 per cent, as liquidity was buoyed by the repayment of about N190bn in mature open market operation treasury bills. Dealers said the repaid treasury bills helped the market to open with a positive cash balance […]
Tag: Central Bank of Nigeria
Banks to accept voter card for identification
The Central Bank of Nigeria on Thursday directed all deposit money banks and financial institutions to include the Independent National Electoral Commission voter’s card as an acceptable means of identification for the purpose of transacting business in the banks. The CBN, in a circular to all banks and financial institutions, […]
Forex: CBN lists documentation requirements for BDCs
The Central Bank of Nigeria has listed the various documentation requirements expected from bureaux de change in the country. The CBN said that BDCs were expected to keep documentation and render returns on statement of assets and liabilities, statement of profit and loss account and foreign exchange purchases and utilisation. […]
