- CB has directed commercial, merchant and non-interest banks to open domiciliary accounts for participants in its new dorm account guidelines
- The guideline clarifies regulatory expectations from the bank on their participation in the Foreign Currency Scheme
- It said a bank should permit a participant to exchange part or the whole ITFC in the domiciliary account for naira at the prevailing exchange rate
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Central Bank of Nigeria (CBN) has asked commercial, merchant and non-interest banks (CMNIBs) to open domiciliary accounts for participants in its new guidelines on foreign currency disclosure, deposit, repatriation and investment scheme, 2024.
