The apex bank made the disclosure in a circular to all authorized dealers and the general public, and signed by its Director, Trade and Exchange Department, Dr. O. S. Nnaji, and posted on its official website on Friday.
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The apex bank made the disclosure in a circular issued to all authorised dealers and the general public on Friday.
Dr. O.S. Nnaji, Director Trade and Exchange Department of CBN, said in a circular on Friday that the action contravened the apex bank’s directive that all remittances be paid to beneficiaries in dollars.