- Access and other commercial banks are sending messages to customers planning to travel abroad on the changes applying for foreign currencies
- These changes are a direct response to recent foreign exchange policy adjustments introduced by the Central Bank of Nigeria
- Under the new system, the CBN will no longer determine the naira exchange rate; instead, the prevailing market rate at the time of purchase will be considered
Access Bank, Zenith Bank, United Bank for Africa (UBA), and other Nigerian deposit banks have updated their processes for purchasing dollars for Nigerians traveling abroad.
This update comes in response to the decision by the Central Bank of Nigeria (CBN) to unify the multiple exchange rates in the country.
