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The Central Bank of Nigeria’s Big Threat On Nigerian Exporters

Posted by Staff Writer on January 23, 2021 in Technology News Site | 2 Views

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

      

Posted in Technology News Site | Tagged Canada, europe, North America, Technology News

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