CBN To Stop Sales Of Forex To Banks By December

The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks by the end of the year.
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According to the CBN Governor, Godwin Emefiele, banks must begin to source their forex from export proceeds, hence the need to support non-oil exporters in the country.
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He pointed out that the decision is in line with the apex bank’s new commitment to boost the country’s foreign reserves through proceeds from non-oil exports.

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The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks by the end of the year.
.
According to the CBN Governor, Godwin Emefiele, banks must begin to source their forex from export proceeds, hence the need to support non-oil exporters in the country.
.
He pointed out that the decision is in line with the apex bank’s new commitment to boost the country’s foreign reserves through proceeds from non-oil exports.

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.
.
.
.
.
#inside9jeriatv #inside9jerianews #newsupdate #nigerianews #cbn

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