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- The Central Bank has reduced the timeline for banks to compute the Net Open Position to daily
- Before now banks computed net open positions monthly and forwarded such to the CBN
- The new rule now mandates banks to compute daily and forward to the CBN daily
- This new rule follows so many policy circulars released by the CBN in the last 3 months as it steps up efforts to save the naira from its steepest fall in years.
- Press release by CBN
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