CBN Forex Restrictions

JUST IN: CBN Bans Use Of Foreign Currency As Naira Loan Collateral

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Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting director of the banking supervision department at CBN, disclosed this in a statement on Monday. Editor’s Picks  JUST IN: Court Orders Remands Of Emefiele In EFCC … Read more

JUST IN: CBN Lifts Forex Restrictions On Importation Of Rice, Cement, Others

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EKO HOT BLOG reports that the Central Bank of Nigeria on Thursday lifted the foreign exchange restriction placed by the former governor of the bank, Mr Godwin Emefiele on the importation of 43 items. The apex bank lifted the restriction in a statement issues by the Director, Corporate Communications Department, Isa AbdulMumin. Editors Pick  Reps … Read more

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