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CBN probes banks’ restriction of customers’ access to forex accounts

Financial Vanguard learnt that the apex bank would intervene on the side of customers by compelling banks to honour all legitimate withdrawal requests from domiciliary accounts and dispense foreign currencies as requested by account holders.

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After 6-month break, food inflation resumes upward climb, rises 12.12%

—Driven by hike in prices of beans, yam flour, others —Kogi, Benue, Anambra record highest headline food inflation rates; Katsina, Imo, Ebonyi lowest By Elizabeth Adegbesan LAGOS — Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, […]

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