The Central Bank of Nigeria goes tough against commercial banks sabotaging Federal government forex policy. This was disclosed by the Director of Corporate Communications,
The Speaker of the House of Representatives, Hon Yakubu Dogara, has queried the non-disclosure of the interest accrued on Nigeria’s foreign reserves accounts, saying inspite of spirited efforts by the parliament to know its state, it remains shrouded in secrecy.
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of 482.6 million dollars in the first trading day after the Democracy Day celebrations.
The Central Bank of Nigeria (CBN) has offered additional S180 million to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances valued at $80 million through the inter-bank window.
By Austin Johnson The central bank of Nigeria has order Banks to open a teller point for retail FX transactions, including buying and selling, in all locations in order to ensure access to foreign exchange by their customers and other users.