The Central Bank of Nigeria (CBN) has introduced significant changes to its foreign exchange regulations by permitting travelers to withdraw 25% of their personal and business travel allowances in cash. This decision marks a departure from the previous year's requirement for all transactions to be conducted electronically. The announcement was made during the launch of the 4th edition of the Foreign Exchange Manual in Abuja, an event that underscored the CBN's commitment to adapting its policies in response to the evolving economic landscape.
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