Tag "arbitrage"

    EXCLUSIVE: CBN goes tough on arbitrage, asks banks to reverse TBs

EXCLUSIVE: CBN goes tough on arbitrage, asks banks to reverse TBs

The Central Bank of Nigeria (CBN) is set to sanction banks and their customers over shady deals intended to game the loan to deposit ratio (LDR) policy, TheCable can report.The banking regulator initially set the LDR at 60 per cent before raising it to 65 per cent with a December 2019 deadline.While this has led to lower lending rates, some banks [...]

2 comments Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement