foreign-exchange act

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    Business CBN Reacts To Alleged Plan To Prohibit Possession of Foreign Currency

    The Central Bank of Nigeria (CBN) has refuted the claims that it was planning to seize funds in domiciliary accounts of individuals, saying the claim was “false”. The CBN on Monday said that it does not have any plan to amend the nation’s Foreign-Exchange Act to sanction anyone found hoarding...
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