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CBN Orders Banks To Sell Excess Dollars In 24 hours

In an effort to stabilize the fluctuating exchange rate, the Central Bank of Nigeria (CBN) has issued a directive for Deposit Money Banks to offload their excess dollar reserves by February 1, 2024. This move, disclosed in a circular released on Wednesday, is part of the CBN’s broader strategy to address the volatility in the […]

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CBN Orders Banks To Sell Excess Dollars In 24 hours

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