(CBN Governor has gotten it right – this will stop round tripping). I hereby recommend that PMB should leave Godwin Emefiele in position for the next 4 years.
Central Bank of Nigeria (CBN) will no longer sell foreign exchange to Bureau de Changes. CBN has instructed all commercial banks to discontinue selling forex to Bureau de Change.
The apex bank also resolved to now permit commercial banks in the country to begin accepting hard currency deposits. CBN Governor failed to establish stringent measures on hard currencies withdrawals.
So far so good, he is back on track.
CBN suspends sales of forex to Bureau de Change, lifts ban on hard currencies deposits in Commercial banks.
(CBN Governor has gotten it right – this will stop round tripping). I hereby recommend that PMB should leave Godwin Emefiele in position for the next 4 years. Central Bank of Nigeria (CBN) will no longer sell foreign exchange to Bureau de Changes. CBN has instructed all commercial banks to discontinue selling forex to…
1–2 minutes

Leave a comment