CBN mandates banks, others to prioritise attention to legitimate FX demand

by | August 10, 2015 10:05 am

The Central Bank of Nigeria, on Sunday, directed all authorised dealers in foreign exchange (FX) to henceforth treat as top priority all legitimate demand for FX for eligible transactions. The CBN also reassured that all legitimate requests for FX for eligible transactions, normally referred to as “invisibles,” such as remittances for school fees, student maintenance…

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