CBN unveils electronic system to enhance transparency in forex market
October 4, 2024
CBN bans use of foreign currency as collateral for naira loans
CBN bans use of foreign currency as collateral for naira loans 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[Read More…]