CBN Gives Reasons for Banning Use of Cash as PTA, BTA

CBN Orders Banks to Offload Excess Dollar Reserves

In its continued effort to stabilise the astronomical increase in the exchange rate, the Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks to offload their excess dollar reserves by February 1, 2024. The order is contained in a circular released on Wednesday, as part of the CBN’s broader strategy to […]

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