CBN Sternly Warns Microfinance Banks Against Forex Transactions

The Central Bank of Nigeria (CBN) has sternly warned the Microfinance Banks in the Country to stop engaging in foreign exchange transactions and other unauthorized dealings. Ibrahim Tukur from CBN’s Financial Policy and Regulation Department in a statement which was titled  ‘Cessation of Non-Permissible Activities by Microfinance Banks’ said; “The Central Bank of Nigeria (CBN) has … Continue reading CBN Sternly Warns Microfinance Banks Against Forex Transactions