Domiciliary Accounts

The Federal Government has vehemently rejected recent reports suggesting plans to convert foreign exchange held in depositors' domiciliary accounts to naira. Describing the allegations as tantamount to economic sabotage, the government has…
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CBN new rules on domiciliary account.  The Central Bank of Nigeria (CBN) has announced that there will be no restrictions on cash deposits made into domiciliary accounts. Customers will have full and unrestricted access to the funds in…
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