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ITREALMS:   Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced its educational solu...

Tuesday, January 12, 2016

Banks can now accept forex deposits -CBN



ITRealms:

The Central Bank of Nigeria (CBN) on Monday took a reversed decision by directing all banks in the country to recommence acceptance of foreign exchange deposits from customers, reports ITRealms.

This, ITRealms report, is coming as CBN also stopped forthwith the sale of foreign exchange to Bureau De Change (BDC) operators in the country.

The Governor of CBN, Mr Godwin Emefiele, made these disclosures in Abuja on Monday at a press conference, explaining that the BDC operators has been left with the option of getting foreign exchange from autonomous sources available to them.

He also explained that latest policy direction would be monitored very closely to eschew abuse by BDC operators.
 

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