The Central Bank of Nigeria (CBN) has warned the deposit money banks that are trying to circumvent its effort at bolstering the local currency.
Specifically, the CBN has observed that banks are laying a bet with the allowable spread in the recently introduced foreign exchange forwards.
The guidelin
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HOPE MOSES-ASHIKE
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
