CBN To Punish Exporters Keeping FX Abroad

The Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds, for further action. The move is part of the apex bank’s effort to increase foreign exchange liquidity in the country. The directive … Continue reading CBN To Punish Exporters Keeping FX Abroad