CBN seeks five laws to drive financial sector reforms
By NLN Reporter at 28 July, 2010, 3:00 am
•Wants re-enactment of BOFIA The Central Bank of Nigeria (CBN) has sought five legislations which should strengthen the ongoing reforms in the financial systems and create a clement environment for the banking sector to thrive. The laws are expected to come alongside the issuance of new regulations by the apex bank abolishing universal banking. latest [...]
Read More >>Naira sheds five kobo as demand rises by 25%
By NLN Reporter at 21 July, 2010, 9:00 pm
The naira depreciated by five kobo following a 25 per cent rise in foreign exchange demand in the official market . At the Wholesale Dutch Auction System (WDAS) session conducted by the Central Bank of Nigeria (CBN) on Monday, demand rose to 1.250 million from 9.303 million last Wednesday. Consequently, the official exchange rate rose [...]
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