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CBN Clarifies Stance on Form ‘M’ Payments Through 3rd Parties

The Central Bank of Nigeria (CBN) has clarified its position on the removal of third parties from buying of foreign exchange routed through Form M, Letters of Credit, and other forms of payment The apex bank, in a circular with Reference number TED/FEM/FPC/GEN/01/009, which was issued by the CBN to all authorized dealers and the […]