Central Bank of Nigeria has directed all Banks to deposit their excess foreign currency notes with its branches

MARKET NEWS — The Central Bank of Nigeria has directed all Deposit Money Banks to deposit their excess foreign currency notes with its branches in Lagos and Abuja. The apex bank disclosed this in a fresh circular on Friday signed by Solaja Mohammed Olayemi, its acting Director of the Currency Operations Department. CBN said this is to boost FX liquidity and attain convergence in the exchange rates of the parallel and official markets... dailypost.ng