Tag Archives: punishment

CBN poised to punish defaulters of 90-day repatriation window 

The Central Bank of Nigeria has given exporters who failed to repatriate their proceeds, a 90-day moratorium to comply or face complete ban from banking services in Nigeria. The Director Banking Supervision, Ahmed Abdullahi, disclosed this at the end of the first bankers’ committee held in Lagos. Abdullahi said that, “there is a provision in the foreign exchange manual that ...

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