Early last week, CBN released statements on the Disengagement of workers from banks and CBN’s stand, Appointment of directors to 3 of the banks, Guarantee of interbank lending and foreign credits, and Rules for banks on disclosing bank rates.

Here are the main points from the different releases:
1. Banks are henceforth required to submit on weekly basis to the CBN their average deposit and lending rates in line.
2. The Central Bank of Nigeria has never directed commercial banks to sack staff or rationalize branches as reported. Banks are private enterprises and the decision to engage or disengage staff is best left to the management and boards of the institution. These decisions are taken on the basis of business imperatives.
3. The Central Bank remains committed to guaranteeing all foreign credit lines and interbank exposures up to December 31, 2010.

You can download them below.
CBN Press Release - Appointment of Directors For Banks (123)
CBN Press Release - Guarantee of Lending (114)
CBN Press Release On Bank's Disengagement of Workers (107)
CBN Rules On Bank Rates (112)