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CBN lifts restrictions on domiciliary account operations
CBN
Nduka Chiejina, Abuja
June 18, 2023

The Central Bank of Nigeria (CBN) has lifted restrictions of the operation of domiciliary accounts by individuals.
This is contained in a “further guidance on operational changes to foreign exchange market” issued by the CBN on Sunday.

Director, Corporate Communications, Dr. Isa Abdulmumin said “these policy changes aim to promote transparency, liquidity and price discovery in the FX market in order to improve FX supply, discourage speculation, enhance customer confidence and ensure overall stability in the FX market”.


The decision to issue new guidance on Forex market operations, Isa said was taken at an extraordinary Bankers’ Committee on Friday, June 16, 2023.

Nice one... now people can once again open a Dollar account