CBN expresses concern over growth in foreign currency exposures, issues  new directives to banks on  risks management

The Central Bank of Nigeria (CBN), has expressed concern over the growth in foreign currency exposures of banks through their Net Open Position (NOP). The apex bank disclosed this in a circular published on Wednesday on its website. The circular was signed by its Director, Trade and Exchange, Dr. Hassan Mahmud and the Director, Banking…

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Tinubu sends NIMC boss on terminal leave

President Bola Tinubu has directed the Director-General and Chief Executive Officer (CEO) of the National Identity Management Commission (NIMC), Aliyu Abubakar Aziz, to commence a 90-day pre-retirement leave. The directive was announced in a statement on Tuesday by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale. The statement also approved the…

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