GistReel The Central Bank of Nigeria (CBN) has issued a warning to bank customers, urging them to avoid using foreign currency as collateral when applying for Naira loans. This cautionary measure is in place to protect the stability of the local currency and prevent potential risks associated with foreign exchange fluctuations. Acting Director, Banking Supervision Department …
https://www.gistreel.com/cbn-warns-bank-customers-to-stop-using-forex-as-collateral-for-naira-loans/
Leave a Reply