Tag Archives: pounds at home

CBN seek powers to stop Nigerians from keeping dollars, pounds at home

November 17, 2016 by Delia Innoma 0 Comments

The Central Bank of Nigeria, CBN, is seeking to criminalize possession of foreign currency for more than 30 days, without depositing it in a bank. This is contained in a document called the ‘Working Paper’, where the apex bank is proposing new amendments to the Foreign Exchange, Monitoring and Miscellaneous Exchange Act (FEMM). Signed in […]

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