The Central Bank of Nigeria (CBN) issued a press statement on June 18, 2023, providing further guidance to Deposit Money Banks (DMBs) on the operational changes to the foreign exchange market announced on June 14, 2023. The statement followed an extraordinary Bankers’ Committee meeting held to discuss the implementation and implications of the policy changes
CBN lifts cash deposit restriction on domiciliary accounts, allows $10k withdrawals daily
