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Nairaland Forum / Nairaland / General / Business / CBN Imposes Limit On Banks’ Foreign Currency Exposure (22786 Views)
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CBN Imposes Limit On Banks’ Foreign Currency Exposure by MrSundry: 5:16pm On Jan 31 |
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. Source: https://businessday.ng/news/article/cbn-imposes-limit-on-banks-foreign-currency-exposure/ 5 Likes 1 Share
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Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by MrSundry: 5:17pm On Jan 31 |
I just hope this is not another " trial and error" 31 Likes 1 Share |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Smithkafors(m): 6:23pm On Jan 31 |
Please can someone tell me any new thing the government is doing differently from previous government?.. Just one?. Any improvement anywhere please?. 69 Likes 5 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by skj1377(m): 6:35pm On Jan 31 |
What this central bank Governor is doing is crashing the currency. He had better stop this Naira floating policy and be more realistic. 35 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by WeddingParol: 6:40pm On Jan 31 |
:D9 1 Like |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by masseratti: 6:48pm On Jan 31 |
Grammar, can someone please explain. 42 Likes 3 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Balkan(m): 6:48pm On Jan 31 |
Government of criminals 13 Likes 1 Share |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by ShobayoEmma(m): 6:58pm On Jan 31 |
Can any good news come out of APC government? only God knows. Tinubu, a bad man with good intentions 2 Likes 2 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by ogawisdom(m): 9:00pm On Jan 31 |
Floating naira was a terrible decision at this point in time. In a sane clime everyone will be on the street demanding a reversal. But in Nigeria everyone will be playing with fire 44 Likes 5 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Rich4god(m): 9:02pm On Jan 31 |
If am right, what this means is that CBN is trying to ensure banks do not "buy" or "hold* too much foreign currency in their books. Since our naira is crashing steadily, some banks might decide to buy or hold plenty foreign currency with the hope to profit from it after a period of time. So CBN is trying to ensure that banks don't expose their self so much to FX. 54 Likes 4 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by FreeStuffsNG: 9:02pm On Jan 31 |
MrSundry:Nice one. This is sequel to the info and feedbacks shared in this thread that made frontage just few days ago , among other strategic monitoring of patterns seen in the banks fx operations https://www.nairaland.com/7974447/90-2023-diaspora-remittances-didnt It's just not adding up for banks to borrow overseas in dollars then lend in naira here in Nigeria then go back to use the naira to buy dollars and now export the fx overseas to pay debt. God bless Nigeria for ever! Check my signature for free stuffs! 20 Likes 2 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by ogolemati: 9:02pm On Jan 31 |
it's my turn,it's my turn under 8month dollar is now 1500 from 750 where the other generation curse left it.i said leave all this generation old men make them rest una no gree.you go just allow ancestors they run 21st century program.but on a serious note dollar should hit 2000 before June Biko any plan against it hitting 2000 by June fire 22 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by BennyDGreat: 9:02pm On Jan 31 |
All these policies yet no single plan rolled out to position the country in increasing non-oil export earnings and reducing import.... All these policy shouldn't be prioritised over how to increase earnings. It's simply shying away from the real work and trying to do what appears simpler and isn't sustainable in the long run 12 Likes 1 Share |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by BarrNosaEsq: 9:02pm On Jan 31 |
FreeStuffsNG: Oga keep quiet. Where is the imaginary 8 trillion naira that you told us will help strengthen our currency 2 weeks ago. Between you and devil I nor know who lie pass 37 Likes 4 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Neddyogu(m): 9:03pm On Jan 31 |
In English please..... 2 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Badgers14: 9:03pm On Jan 31 |
Nonsense journalism from business day.. what does the whole thing mean.. how does business day think this would affect our current economic situation? Journalism is just dying and free falling like the naira 8 Likes 2 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Akwamkpuruamu: 9:04pm On Jan 31 |
All these fire brigade approach can never save the Naira from discovering crude oil in Katsina State 3 Likes 1 Share |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by ebenholer2(m): 9:05pm On Jan 31 |
Smithkafors:Can you tell us what your state governor and local government chairman are doing differently than their predecessors. At least that counts too. 13 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by ClearFlair: 9:05pm On Jan 31 |
Productivity is the only solution. Only Peter Obi understands these things. It is not by making mouth. Nothing will change until quality of life improves 12 Likes 3 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by saddler: 9:05pm On Jan 31 |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Bluffly: 9:05pm On Jan 31 |
MrSundry:There will always be an hypothesis before a theory and a peer reviewed theory and an acceptable knowledge for solution. Unfortunately our Universities are not providing this, hence live happening will be the research for what will work 4 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by AllTheWayUp: 9:05pm On Jan 31 |
Gazelle Garagaga Economics of Tinubu The Great Tinubulation.. Nigerians should prepare for more suffering under Tinubu regime for the next 8 years. 5 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by ClearFlair: 9:05pm On Jan 31 |
ebenholer2: You should be the one to tell us where the Renewed Hope is 10 Likes 2 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by treatise: 9:06pm On Jan 31 |
Smithkafors:Them wan use style make banks vomit too much dollars wey dey their vaults to naija economy. 2 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Bliztzer: 9:07pm On Jan 31 |
skj1377: Don't mind them, they are playing games. They think we don't know. Stop the naira floating policy, and it won't go on a free fall. they refused. There no more abokifx to accuse again. 11 Likes 4 Shares |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by tunjijones(m): 9:07pm On Jan 31 |
All na trial and error... Nothing meaningful might come out of it. 1 Like |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by EmmaLege: 9:08pm On Jan 31 |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by md4u2: 9:09pm On Jan 31 |
Block all online sending foreign currency app 2 Likes |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by kennyz247(m): 9:09pm On Jan 31 |
Fruity usual 1 Like |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by AMAUCHESKY(m): 9:09pm On Jan 31 |
Smile bad addiction is a distraction to your direction in life.. let me help you out via my signature 1 Like |
Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by coputa(m): 9:09pm On Jan 31 |
Smithkafors:A lot,this government is handicapped ,all these are efforts to make the naira strong But,it won't work,the country's Major exports crude oil has been sold in advance and the money looted and wasted on itrelevances So,all these policies are just trial and error 7 Likes 1 Share |
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