Nigeria: Forex - CBN Queries Banks

30 January 2017

The Central Bank of Nigeria, CBN, has denied allegations of irregularities in the foreign exchange, forex, transactions among Deposit Money Banks, DMBs and insisted that process remains transparent.

Reacting to allegations that some banks were using different rates for different forex end-users, in connivance with officials of the apex bank, CBN's spokesman, Mr, Isaac Okoroafor, in a statement, yesterday, that there was nothing as such.

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