CBN orders banks to stop dollar loans

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CBN orders banks to stop dollar loans

« on: October 19, 2016, 01:00:46 PM »

CBN orders banks to stop dollar loans

Bank customers who do not earn foreign exchange (forex) will henceforth not be able to secure dollar-denominated loans, the Central Bank of Nigeria (CBN) has said. CBN Director, Banking Supervision, Mrs. Tokunbo Martins, broke the news yesterday at the CBN-Financial Institutions Training Centre (FITC) continuous education programme for Directors of Banks and Other Financial Institutions, […]

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