Nigerian banks
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The Central Bank of Nigeria (CBN) on Wednesday said the Net Open Position (NOP) limit of banks’ overall foreign currency assets and liabilities both on and off-balance sheet should not exceed 20 percent short or 0 percent long of shareholders’ funds unimpaired by losses using the gross aggregate method. This was disclosed in a circular…
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed the discovery of N258million stashed in the head office of a bank in Abuja. The operation was part of efforts to get the institutions to comply with the Central Bank of Nigeria (CBN) directive on the distribution of redesigned naira notes. An ICPC…
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