BREAKING NEWS

Metro

World

Spiritual

Thursday, 13 October 2016

CBN suspends all banks except first bank...DETAILS

The Central Bank of Nigeria (CBN) has suspended all the banks, with the exception of First Bank, from selling dollar proceeds of International Money Transfer Services, (IMTS) to Bureau De Change, BDCs till further notice. The suspension came as a result of none compliance to the directive CBN had given to banks two months ago to sell proceeds of their international money transfer services to BDCs.
This was in a bid to address the steady and continuous depreciation of the naira in the parallel market of which they ignored, preferring to do brisk business with the proceeds. This, however generated several complaints from the BDCs, with the Association of Bureaux De change Operators of Nigeria, ABCON, calling for a review of the policy measure.

According to reports, CBN, after due investigation, which revealed that most of them were either not complying or short-changing DBCs by selling at higher margin, except First Bank, which has been allowed to continue with the business, had decided to sanction them.

Reports also have it that the non-compliant banks have been directed to give up 25% of the dollars received through international money transfer services to DBCs. This development is to help mop-up the held dollar position by non-compliant banks and make it available to all BDCs nationwide soon.

PLACE YOUR CONTENTS ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Click Here To Download A Free Guide That Shows How To Make 100k Weekly Without Lifting Your Finger (Using An Autopilot System)

Click Here To Discover Why Experts Conclude This Money Making Secret Is 100% Legal, 446.67% Better and 217% Safer Than MMM.

Loading...

THANK YOU FOR VISITING 247 NIGERIA NEWS UPDATE AND KINDLY VISIT US AGAIN! CLICK HERE TO JOIN OUR FACEBOOK FAN PAGE FOR NEWS UPDATES

For Instant Updates On Twitter Page @247NGNEWSUPDATE

1 comment :

  1. AUCTIONING- AUCTIONING- AUCTIONING -NIGERIA CUSTOM AUCTION SERVICE (07030266890) WE SELL ALL KIND OF CLEAN TOKUNBO CARS,BAGS OF RICE AT CHEAPER AND AFFORDABLE PRICE INTERESTED BUYER SHOULD PLEASE CONTACT OUR ZONAL OFFICER *CUSTOM ALHAJI SANNI YUSUF ON (07030266890) FOR CLEARANCE, DELIVERING,SOME OF THE CARS LISTED ARE Golf2.3 & 4 N250,000. to =N300,000 =Toyota Camry big.
    daddy=N450,000.
    Toyota Camry Tiny-Light =N350,000.
    Toyota Avensis=N450,000.
    Toyota Avalon=N500,000.
    Toyota Rav4=650,000.
    Toyota Prodo=750,000.
    Toyota Sienna=700,000:
    Toyota Corolla=500,000
    Toyota Matrix=N550,000.
    Honda Accord=500,000.
    Honda CRV=550,000.
    Honda Pilot=850,000.
    Nissan Pathfinder=700,000.
    Nisaan Amanda=N700,000.
    Nissan Exterra =N650,000.
    Infinity Jeepfx35=N700,000.
    & fx45=750,000. Benz Ml350=750,000. Lexus Rx350=750,000. & RX330=N650,000.
    RANGEROVER SPORT N1.4M.
    AND MANY MORE EXCLUSIVE
    OFFERS. All VEHICLES ENGINES ARE IN GOOD CONDITION. (THANKS FOR PATRONIZING WITH US).

    ReplyDelete

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian