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CBN orders banks to create mobile app for forex

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The central Bank of Nigeria has directed commercial banks to create mobile applications and alert systems to update customers of their foreign exchange movement.

 

This directive comes after CBN bans sales of forex to Bureau De chahe operators and directive to deposit money banks to establish teller points to fulfill legitimate force requests from customers.

 

The new directive was signed by the Director banking supervision department Haruna Mustafa. It was issued on Wednesday with reference number BSD/DIR/PUB/LAB/14/ 082

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