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HomeSavings & Money NewsFears of a forex shortage

Fears of a forex shortage

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ABUJA (CU)_The Central Bank of Nigeria (CBN) revealed that concerns have been raised by customers, particularly travellers, over a possible shortage in foreign exchange for various purposes, including travel allowances, tuition fees, and medical payments, as well as the repatriation of Foreign Direct Investment (FDI) proceeds. It has been reported that customers have been facing unnecessary challenges accessing forex from their banks.

In order to address these concerns, CBN Governor Godwin Emefiele met with…

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