The Presidency has said that Vice-President Yemi Osinbajo only advocates forex policy that will help curb corruption and never pushed for a devaluation of the national currency – Naira. The clarification came on the heels of media reports that the Vice President was opposed to the current forex policy stance of the Central Bank of […]
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to publish the names of customers who breach the rules on foreign exchange (Forex) acquisition on their websites. The apex bank gave this directive on Monday through its circular (BSD/DIR/PUB/LAB/14/059) to all banks, recalling that it has “received and noted with concern reports […]
Barely 48 hours after the conclusion of its 136th Monetary Policy Committee’s (MPC’s) meeting, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) in the country to commence direct sale of foreign exchange (Forex) to needy customers in their branches nationwide. One of the key decisions taken at the end of the […]