CBN orders banks to stop dollar loans

CBN orders banks to stop dollar loans

Bank customers who do not earn foreign exchange (forex) will henceforth not be able to secure dollar-denominated loans, the Central Bank of Nigeria (CBN) has said. CBN Director, Banking Supervision, Mrs. Tokunbo Martins, broke the news yesterday at the CBN-Financial Institutions Training Centre (FITC) continuous education programme for Directors of Banks and Other Financial Institutions, […]

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Source: CBN orders banks to stop dollar loans

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