CBN Vows Heavy Sanctions for Forex Infractions, Unveils Ongoing Efforts to Clear Backlog

The Central Bank of Nigeria (CBN) has discovered various infractions, gross abuses, and non-compliance with foreign exchange market regulations, prompting the institution to take decisive actions against those responsible. Mrs. Sidi Ali, the Acting Director of Communication at the CBN, made this announcement in a statement released in Abuja on Wednesday. Approximately six months ago, … Continue reading CBN Vows Heavy Sanctions for Forex Infractions, Unveils Ongoing Efforts to Clear Backlog