Deposit Money Banks

Central Bank of Nigeria (CBN) has announced plans to stop selling foreign currency (forex) – US dollar, euro, pound sterling, among others – to banks by the end of the year.  The apex bank had put Deposit Money Banks (DMBs) on notice…

Central Bank of Nigeria (CBN) has on Thursday, July 29 directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of foreign exchange to meet legitimate forex requests of their customers. The new…