Foreign exchange crisis: CBN lifts ban on cash deposit of dollars, others

12 January 2016, Abuja — The Central Bank of Nigeria has lifted a ban stopping commercial banks from accepting cash deposits of foreign exchange from customers. The CBN governor, Godwin Emefiele, who announced the decision in Abuja on Monday, said the new directive took immediate effect. Mr. Emefiele said the CBN would henceforth equally discontinue […] More »