The Central Bank of Nigeria (CBN) has issued a directive to banks, instructing them to cease accepting foreign currency as collateral for loans denominated in naira.
This mandate was conveyed through a circular published on the CBN’s website on Monday.
The bank stated that it has noted the practice of customers pledging foreign currencies as security for naira loans and has implemented an immediate prohibition on this practice.
The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has completed…
Former presidential spokesperson Doyin Okupe has stated he would never disparage Peter Obi, the 2023…
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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of…
The black market dollar to naira exchange rate for today, 5th November 2024, can be…
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