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Banks Under Scrutiny for Violating Forex Limits Set by CBN

The House of Representatives, presided over by Speaker Tajudeen Abbas on Wednesday, adopted a motion urging banks to adhere to the Central Bank of Nigeria’s policies on excess long foreign exchange and Net Open Position (NOP) limits. This motion, brought forward by Babajimi Benson, the member representing Ikorodu Federal Constituency, highlighted the CBN’s regulatory role […]

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