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CBN Sets New Limits For Foreign Currency Deposits At Commercial Banks

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This directive was detailed in a circular issued by the Director of Currency Operations, Mohammed Solaja, and posted on the bank’s website on Friday.

 

The Central Bank of Nigeria has issued updated guidelines to Deposit Money Banks concerning the deposit of foreign currency notes.

This directive was detailed in a circular issued by the Director of Currency Operations, Mohammed Solaja, and posted on the bank’s website on Friday.

The CBN specified that each bank is allowed a maximum daily deposit of $10 million in USD 100 and USD 50 notes. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

These deposits can only be made at the CBN branches in Abuja and Lagos.

In the circular with reference number COD/DIR/INT/CIR/001/016, the apex bank directed that DMBs must notify the CBN in writing of their intention to make such deposits at least three working days in advance.

Additionally, for smaller denominations of $20 notes and below, the maximum daily deposit is set at $1 million.

“To deepen the foreign exchange market, boost liquidity, and attain convergence in the exchange rates of the parallel and official markets, the Central Bank of Nigeria (CBN) has approved that DMBs may deposit their excess foreign currency notes with Lagos and Abuja branches of the bank.

“The approval is a response to the increasing demand by DMBs to deposit their forex cash with CBN for onward credit to their off-shore accounts with correspondent banks”, CBN said.

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Food Allergy Symptoms + 6 Ways to Reduce Them

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Food allergies are immune-based diseases that have become a serious health concern in the United States, with an estimated 32 million Americans dealing with food allergy symptoms according to the food allergy research organization FARE.

Despite the risk of severe allergic reactions and even death, there is no current cure for food allergies. The condition can only be managed by allergen avoidance or treatment of food allergy symptoms. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Fortunately, there are natural allergy fighters that can help boost the immune system and enhance the gut microbiota, which helps reduce the development of food allergies and food allergy symptoms…Click Here To Continue Reading>> …Click Here To Continue Reading>>

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Drug Lords Reacting To Prison Sentences

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In the shadowy underbelly of the ongoing War on Drugs, a chilling narrative unfolds – one that lays bare the grim realities of the drug trade and the heart-wrenching consequences it leaves in its wake.

At the epicenter of this dark and twisted saga stand figures like Dexter Lee Williams, whose actions etch a haunting reminder of the depths to which humanity can plummet when ensnared by the tantalizing allure of power and profit.

Against the backdrop of history’s notorious drug lords, such as El Chapo and Pablo Escobar, Williams solidifies his name as a haunting presence, orchestrating a vast and malevolent drug ring that casts a long, ominous shadow over the city of Atlanta, Georgia. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

The saga unravels over a span of five tumultuous years, punctuated by law enforcement’s relentless pursuit and unwavering resolve to dismantle the sprawling drug empire. Wiretaps weave a damning tapestry of incriminating conversations, recorded phone calls that reverberate with the sinister whispers of a nefarious criminal network…Click Here To Continue Reading>> …Click Here To Continue Reading>>

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Honest homeless man who returned $10k check to owner was stunned from what she gave him instead!

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When this amazing and brave homeless man found a life-changing amount of money, he didn’t hesitate to do the right thing and reunite it with its owner.

His name is Elmer and he was homeless when he found the $10,000 check. As someone who had been dealt a tough hand in life, Elmer could have done anything with that check but he decided to return it to its rightful owner. His honesty ended up setting him on a path that would ultimately change his life for the better. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

The money belonged to real estate agent Roberta who had lost the check on a busy intersection and didn’t realize it had disappeared until the next day…Click Here To Continue Reading>> …Click Here To Continue Reading>>

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