CBN directs banks to stop spending FX revaluation gains

0
33


The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to stop utilising gains from their foreign exchange revaluation for dividends and operational expenditures. The new directive is contained in a letter signed by the CBN Director, Banking Division Department, Haruna Mustafa, on Monday. FX revaluation gains refer to the increase in the […]

The post CBN directs banks to stop spending FX revaluation gains appeared first on The Guardian Nigeria News – Nigeria and World News.



Source: Guardian Newspaper