Nigeria's leading finance and market intelligence news report.

CBN increases FX allocation to banks

There are plans by the Central Bank of Nigeria (CBN) to increase its foreign exchange allocation to banks to boost liquidity and meet customers’ requests, particularly for travel allowances, payment of tuition and medical fees, among other invisibles. The decision followed a warning by the CBN Governor, Godwin Emefiele, to the Managing Directors of Deposit…

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