Under pressure Central Bank going the way of the old by rash of new policies as Naira wobbles

August 23, 2023

CBN orders banks to freeze assets linked to six sanctioned individuals, four BDCs

The Central Bank of Nigeria has scrutinised lenders and foreign exchange bureaus, marking the latest effort to ease a dollar shortage that has sapped the naira. The Abuja-based Central Bank of Nigeria ordered Wema Bank Plc to stop foreign currency-secured naira loans – a practice it said drains

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