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Nigeria: Foreign Currency Rejection by Deposit Money Banks, Raising Risks of Capital Inflow
Guardian, 9 August 2015
THE ongoing rejection of foreign currencies' deposit into domiciliary accounts of customers by the Deposit Money Banks (DMBs) has been greeted with a mixture of suspicion, anxiety… Read more »
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Nigeria: Ban On Foreign Cash Deposits Creates Four Forex Market Segments
This Day, 10 August 2015
The recent decision by the Central Bank of Nigeria (CBN) to proscribe the acceptance of forex cash deposits by commercial banks operating in the country has created four forex… Read more »
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Nigeria: CBN, Money Launderers in Fierce Battle for Naira's Soul
Vanguard, 9 August 2015
The decision of the Central Bank of Nigeria, CBN, to stop importers of certain items, 41 in number, from accessing the foreign exchange market was a declaration of war for the soul… Read more »
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Nigeria: CBN Officially Bans Foreign Currency Cash Deposits in Nigeria
Independent (Lagos), 6 August 2015
The Central Bank of Nigeria (CBN) has officially barred banks in the country from accepting foreign currency cash deposits into customers' domiciliary accounts. Read more »
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Nigeria: Naira Appreciates Against Dollar
Daily Trust, 4 August 2015
The naira gained on the parallel market yesterday, following the refusal of commercial banks to accept cash deposits in dollars, a move to discourage speculation in the currency. Read more »
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Nigeria: Mixed Reactions Trail Banks' Rejection of Dollar Deposits
This Day, 4 August 2015
Some manufacturers and financial market analysts have expressed divergent opinions on the Central Bank of Nigeria's (CBN) foreign exchange policy as well as the decision by… Read more »
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Nigeria: Naira Rebounds On Black Market, Dollar Now N200
Independent (Lagos), 4 August 2015
After several weeks of negative sentiments, the naira gained on the parallel market on Monday. This is coming after commercial banks stopped accepting cash deposits in dollars, a… Read more »
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Nigeria: Emefiele - CBN Supports Banks' Decision to Reject Dollar Deposits
This Day, 3 August 2015
Central Bank of Nigeria Governor, Mr. Godwin Ifeanyi Emefiele believes that the exchange rate volatility observed in the parallel market is being fuelled by speculation, currency… Read more »
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Nigeria: Traders Panic As Banks Refuse Dollar Deposits
Daily Trust, 3 August 2015
Traders around the country have continued to express concern over the recent move by commercial banks in the country to temporary halt the acceptance of cash deposit in dollars Read more »
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Nigeria: Why Banks Reject Dollar Deposits in Nigeria
Independent (Lagos), 1 August 2015
To discourage speculation on the naira, Nigeria's commercial lenders (banks) have stopped accepting cash deposits in dollars. Read more »
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Nigeria: One Dollar = One Naira - Buhari Approves an Exchange Rate of N160 to U.S.$1
Vanguard, 31 July 2015
I didn't vote for President Muhammadu Buhari in the last election, though I know that Nigeria needed change. I just disagreed with the change agent due to reasons I have explained… Read more »