CBN Bans Sale Of Dollars To Commercial Banks

CBN has moved to ban sale of dollars (forex) to commercial banks by the end of 2022.

Mouthpiece NGR reports that the Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022.

This online news platform understands that CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.