CBN releases list of $10bn FOREX beneficiaries
The Central Bank of Nigeria (CBN) will, in a few weeks, inject $10 billion into the foreign exchange (FOREX) market to clear its backlog as scarcity persists. The acting Governor of the CBN, Folashodun Shonubi on Tuesday in Lagos, said the financial regulator will work with Nigerian deposit money banks (DMBs), which control 75 percent of FOREX transactions,…