CBN Lifts Ban On Aboki FX, 439 Other Accounts

The Central Bank of Nigeria (CBN) has ordered banks to remove a no-debit restriction placed on the bank accounts of 440 individuals and businesses. A post-no-debit indicates that all debit transactions on the accounts, including ATMs and cheques, have been prohibited yet the accounts can still receive inflows. The circular, signed on Tuesday by A.M. … Continue reading CBN Lifts Ban On Aboki FX, 439 Other Accounts