• Tackling hurdles frustrating forex liquidity in Nigeria

    Tackling hurdles frustrating forex liquidity in Nigeria

    The refusal of commercial banks to sell $50,000 weekly from the Diaspora remittances to Bureaux De Change (BDCs) as mandated by the Central Bank of Nigeria (CBN), leaves a sour taste in the mouth of stakeholders. This is coming after nine banks were recently accused by the CBN of breaching the Treasury Single Account (TSA) rule while round-tripping allegations have been leveled against several other lenders.

    These developments have left stakeholders with no option than to call on the CBN to […]