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CBN To Sanction Defaulting Exporters Over Forex Repatriation
The Bankers’ Committee yesterday announced that the Central Bank of Nigeria (CBN) will commence sanctioning exporters who fail to repatriate foreign exchange proceeds from their international business. Addressing financial journalists at the end of the Bankers’ Committee meeting in Lagos, Citibank Nigeria Managing Director/CEO Akin Dawodu pointed out a provision in the Central Bank of Nigeria (CBN) Foreign Exchange Manual …
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