August 24, 2020/CBN As part of continued efforts by the Central Bank of Nigeria to ensure prudent use of foreign exchange resources and eliminate incidences of over-invoicing, transfer pricing, double handling charges, and avoidable costs that are ultimately passed to the average Nigerian consumers, Authorised dealers are hereby directed to […]
Money Market
CBN Tell Dealers to Desist from Opening Forms M Whose Payment Are Routed Through a Buying Agent
August 24, 2020/CBN As part of continued efforts by the Central Bank of Nigeria to ensure prudent use of foreign exchange resources and eliminate incidences of over-invoicing, transfer pricing, double handling charges, and avoidable costs that are ultimately passed to the average Nigerian consumers, Authorised dealers are hereby directed to […]
CBN Direct Banks Led Electricity Market Collections
August 24, 2020/CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and thereby boost the overall quality of electricity generation, transmission and distribution, all Deposit Money Banks are required to immediately implement the underlisted actions […]
