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3232Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations
https://www.digit.info/nigerian-central-bank-freezes-bank-accounts-of-fintech-firms-accuses-them-of-violating-forex-regulations/
Thu, 19 Aug 2021 08:48:44 +0000https://www.digit.info/2021/08/19/nigerian-central-bank-freezes-bank-accounts-of-fintech-firms-accuses-them-of-violating-forex-regulations/Read more]]>The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief, Micheal Kaase Aondoakaa, filed the […]
]]>Forex Shortages Force Nigerian Corporates to Turn to Parallel Market
https://www.digit.info/forex-shortages-force-nigerian-corporates-to-turn-to-parallel-market/
Tue, 13 Jul 2021 12:30:58 +0000https://www.digit.info/2021/07/13/forex-shortages-force-nigerian-corporates-to-turn-to-parallel-market/Read more]]>Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these shortages stem from the foreign exchange market liquidity constraints that […]
The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief, Micheal Kaase Aondoakaa, filed the […]
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these shortages stem from the foreign exchange market liquidity constraints that […]