By Ndubuisi Ekekwe The Central Bank of Nigeria is always fighting moving targets. The latest is that the apex bank wants to bar exporters who do not repatriate their export proceeds from participating in Nigeria’s banking services. I am happy the CBN now understands the “voodoo” in the system where some companies exist to “export” exchange rate arbitration and make turns of money on it. Nigerian exporters that have not repatriated export proceeds will be barred from all banking services from Jan. 31, the…
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Source:: Tekedia