CBN to prosecute bank customers who present fake travel documents.

The United Bank for Africa (UBA), in a statement, conveyed this to its customers, ask them to desist from such practice. The CBN had directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate FX demands. This development came after the apex bank halted the sales of FX to Bureau De Change … Continue reading CBN to prosecute bank customers who present fake travel documents.

CBN has finally signed the currency swap deal

The Central Bank of Nigeria have finally signed the currency swap deal we have been expecting for the past 2 years into existence with the Chinese government. The importance of this is that since almost 70% of the goods we import come from China and Asia and 12% America why must we use Dollars to … Continue reading CBN has finally signed the currency swap deal