The Central Bank of Nigeria (CBN) has granted banks the approval to trade with foreign currencies deposited under the amnesty initiative for the foreign exchange (FX) deposit window.
CBN gave the directive in a document dated November 5, 2024 signed by John Sonojah, its Acting Director, Financial Policy and Regulation Department and Adetona Adedeji, its Acting Director, Banking Supervision Department.
Ripples Nigeria reports that on October 31, the Federal Government launched the ‘Disclosure Scheme,’ an amnesty initiative for the foreign exchange deposit window.
