CBN Clarifies Position On Operation Of Domiciliary Accounts

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The Central Bank of Nigeria (CBN) has formally Clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria. Making the clarification in a statement yesterday, director, corporate communications at the apex bank, Issac Okorafor stated that “the Bank has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks.” He further […]

 

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