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Tag Archives: Central Bank of Nigeria

100 Sacked CBN Staff Sue The Bank for Over N1B

THE Central Bank of Nigeria (CBN) has been taken to the National Industrial Court (NIC) by over 100 of its recently sacked staff, who were dismissed under the bank’s re-organisation strategy implemented by President Bola Tinubu’s administration. The affected staff are seeking payment for damages and entitlements, among other claims. …

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CBN Adopts Retail Dutch Auction To Boost Liquidity

  THE Central Bank of Nigeria (CBN) says it undertook the sale of foreign exchange (Fx) to end users through a Retail Dutch Auction System (rDAS). According to a statement by Omolara Duke, Director, Financial Markets Department of the apex bank, the step was taken on Tuesday to reduce the …

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