BREAKING NEWS

Metro

World

Spiritual

13 Oct 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 TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How I Made Me =N=2.5 MILLION In 7 Days from 2 Common Product I Imported and how you can do the same. Click HERE FOR FREE Details right now

Warning To Men: This 3 Foods Is Killing Your Erection. Click Here To Know Them

Secret Fruits that increased my Manhood and makes me last 55 minutes+ all time - Click here to get it

Warning: Got Arthritis? 3 Simple Ways To Get Cured And Be Permanently Free From Joint Pains. Click Here To See Them

REVEALED!! Reduce Your Blood Sugar Level And Reverse Diabetics Within A Short Period Of Time. Click Here To See How

MIDNIGHT,Pressed Mr Kilanko Suddenly Couldn't Urinate. Shrink your Enlarged Prostrate Here! Click Here Now

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

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