Naira Depreciation: CBN Moves Against Banks Using FX Revaluation Gains To Pay Dividend To Shareholders

By
NigeriaDNA
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The Central Bank of Nigeria (CBN) has moved against commercial banks using foreign currency revaluation gains to either pay dividends or meet operating expenses.

The CBN made the disclosure in a circular, BSD/DIR/PUB/LAB/017/003, addressing all banks in the country.

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