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BoG revises directive on Net Open Position limits

Banks shall not hold long positions in pound, euro and other currencies, according to the revised directive of the Net Open Position (NOP). According to the directive, the Single Currency Position limit for each currency shall range from 0% to -10% of Net Own Funds (NOF). Daily changes in NOP, excluding contingent liabilities, shall be […]Source: www.myjoyonline.comRead full article

todayFebruary 11, 2026 1

Local

Trade Ministry to lead raw material expansion for 24-hour production, youth jobs & exports

The Ministry of Trade, Industries & Agribusiness, in collaboration with relevant sector ministries, agencies, and private-sector partners, is positioning Feed Industries as a core implementation pillar of the 24-Hour Economy. This will be focused on expanding industrial raw-material supply at scale, sustaining 24-hour factory operations, creating decent and sustainable jobs for the youth, and driving […]Source: www.myjoyonline.comRead full article

todayFebruary 11, 2026 1