Domiciliary Accounts
Economy
Illicit Demand, Not Supply, Cripples Naira – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has delivered a stark assessment of the Nigerian naira’s...
Featured
First-Timer’s Guide to Opening Domiciliary Account in Nigeria: Things to Know
A domiciliary account is a type of bank account that allows you to receive and send funds in foreign currencies, such as US...
Finance
CBN explains operation of domiciliary accounts in Nigeria
The Central Bank of Nigeria (CBN) has addressed and clarified the prohibition of foreign currency cash deposits by Deposit Money Banks (DMBs). Issac...
News
$20bn Idle in Nigerians’ Domiciliary Accounts – CBN
More reasons have emerged on why the naira keeps performing badly against the dollar at the parallel market. Apparently, there’s some $20bn lying...
Finance
Nigerian Banks Reject Deposits of Dollars Into Domiciliary Accounts
Major commercial banks in the country have stopped accepting deposits of Dollar into domiciliary accounts. Reports say the banks have too much dollars...