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Read more about the article Central Bank of Nigeria Introduces N100 Million Penalty for Inadequate Forex Documentation
Central Bank of Nigeria Introduces N100 Million Penalty for Inadequate Forex Documentation
General News / Politics

Central Bank of Nigeria Introduces N100 Million Penalty for Inadequate Forex Documentation

Central Bank of Nigeria has rolled out a stringent new measure to strengthen compliance in the foreign exchange market. Banks that process foreign exchange transactions with inadequate or incomplete documentation…

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June 6, 2026

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