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Nigerian Importers Offered Lifeline by Central Bank

The central bank's curb on foreign exchange has made it difficult for importers to pay their vendors abroad for services rendered before the cut-off date.

Nigeria: Forex Curbs - CBN Moves to Ease Importers' Plight

This Day, 26 October 2015

In a bid to ease the burden of importers that had made commitments to their partners abroad before the June 23, 2015 circular that restricted access to forex for 41 items, the… Read more »

Cargo offloading in Lagos

InFocus

Nigeria Banks Reject U.S. Dollar Deposits

Banks say they are constrained due to the current influx of foreign exchange cash deposits they have been receiving. Read more »
- Nigeria: Foreign Currency Rejection by Deposit Money Banks, Raising Risks of Capital Inflow
- Nigeria: Ban On Foreign Cash Deposits Creates Four Forex Market Segments

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