Olamofe Olayemi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Obinna Chima
Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
A top bank official who craved anonymity confirmed the new policy to THISDAY yesterday.
However, the new policy does not apply to customers making electronic transfers as well as oil and gas companies and dollar payments into government accounts.
The Central Bank of Nigeria (CBN) directive, according to findings by THISDAY, is to discourage the strong appetite for the greenback, which has continued to rise.
A report had revealed that about 40 per cent of bank deposits in the top 10 banks in the country was in dollars. ....

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