CBN Lifts Cash Deposit Restriction On Domiciliary Accounts, Allows $10,000 Daily Withdrawals

The Central Bank of Nigeria, CBN, has provided further guidance to Deposit Money Banks, DMBs, on the operational changes to the foreign exchange market announced on 14 June 2023. The CBN highlighted some of the key points of the guidance as follows:  All visible and invisible transactions (medicals, school fees, BTA/PTA, airline, and other remittances) […]

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