Monday 06, March 2017 by Georgina Enzer

Nigeria updates its Foreign Exchange Directives

In a press release issued today by Dr Alvan E. Ikoku Director, Financial Markets Department at the Central Bank of Nigeria Corporate Head Office, in view of the Central Bank’s willingness, capability, and determination to meet FX demand in the market, and in order to further increase foreign exchange availability to all end-users, and ensure that a fair and verifiable exchange rate operates in the market, all banks in the country are now to abide by four key directives.

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