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CBN
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday.
Regulatory stakeholders in the financial sector have been partaking in the adjustments to BOFIA 2004.
The bill will give the CBN new sweeping powers to curb financial fraud and manage distressed banks.
The CBN expects the powers to be given to it via an amendment of the BOFIA.
Each non-interest deposit Bank to set aside 5% of its PAT annually as contribution to the Fund.
CBN noted that the ban was necessitated in order to protect local production of maize.
If you owe in Bank A your debt can be set off against your account balance in Bank B.
Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Monday.
Dealers are to return their forms on or before Wednesday, July 15, 2020.
The bank will then discuss, analyze your request and if successful will disburse the funds.
Ahmed urged the CBN to tackle activities that made speculators manipulate the multiple exchange rates.
The black market rate last touched this low in March 2017.