Monday, February 19, 2024
Home Business FOREX TRADE CBN RELEASE GUIDE LINES TO  CURB BANKS’ FOREX...

FOREX TRADE CBN RELEASE GUIDE LINES TO  CURB BANKS’ FOREX SPECULATION.

The Central Bank of Nigeria (CBN) has released a new circular addressing suspected cases of excessive foreign currency speculation from Nigerian banks.
The new circular introduces a set of guidelines aimed at reducing the risks associated with these practices.
The circular, titled “Harmonisation of Reporting Requirements on Foreign Currency Exposures of Banks,” highlights the CBN’s concerns over the growing trend of banks holding large foreign currency positions.
RELATED ARTICLES

NAICOM, MINISTRY OF YOUTH COLLABORATE TO ADVANCE YOUTH DEVELOPMENT.

  The Federal Ministry of Youth Development has solicited the collaboration of  National Insurance Commission NAICOM, in advancing youth development initiatives, especially in the areas...

FCCPC URGES STRICTS PENALTIES FOR DISCO  NON COMPLIANCE 

The Federal Competition and Consumer Protection Commission (FCCPC) commends the Nigerian Electricity Regulatory Commission (NERC) for its recent action against eleven (11) Electricity Distribution...

NIGERIA CUSTOMS SERVICE RESTATES COMMITMENT TO IMPROVE ITS OPERATIONS BASE ON SCIENTIFIC STUDIES 

The Nigeria Customs Service has restated its commitment to improve Customs Operations based on the outcomes of the World Customs Organisation (WCO)  assisted Time...

Most Popular

NAICOM, MINISTRY OF YOUTH COLLABORATE TO ADVANCE YOUTH DEVELOPMENT.

  The Federal Ministry of Youth Development has solicited the collaboration of  National Insurance Commission NAICOM, in advancing youth development initiatives, especially in the areas...

CLIMATE CHANGE:  NNPC LTD/TOTAL ENERGIES JV ACHIEVES ZERO GAS FLARE

In pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under...

BURDEN ALLEVIATION: LOCAL MANUFACTURING OF ASSISTIVE DEVICES TO ALLEVIATE BURDENS FOR PLWDs

  Despite the rising inflation and economic downturn prevalent in Nigeria, the Executive Secretary, National Commission for Persons with Disabilities, Dr. James David Lalu has...

FCCPC URGES STRICTS PENALTIES FOR DISCO  NON COMPLIANCE 

The Federal Competition and Consumer Protection Commission (FCCPC) commends the Nigerian Electricity Regulatory Commission (NERC) for its recent action against eleven (11) Electricity Distribution...

Recent Comments