CBN directs banks to deposit excess FX to its branches

The Central Bank of Nigeria (CBN) has issued fresh guidelines on foreign currency deposits by deposit money banks (DMBs), directing them to deposit excess money to its branches. CBN made this known in a circular signed by Solaja Olayemi, its acting director of the currency operations department on Friday. In the circular, the apex bank [...]The post CBN directs banks to deposit excess FX to its branches appeared first on National Daily Newspaper.

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