Nigerian Banks Resume Acceptance Of Foreign Currencies Into Domiciliary Accounts

The Central Bank of Nigeria (CBN) has lifted the ban on foreign currency deposits into domiciliary accounts. The directive was given late yesterday and banks began communicating with their customers late last night.

GTBank shared this email;
We are pleased to inform you that you can now make Foreign Currency Cash deposits into your GTBank domiciliary account(s) at any of our branches from Tuesday, 12th of January, 2016.

Our resumption of this service is in response to the Central Bank of Nigeria’s (CBN) directive, issued on the 11th of January, 2016, authorizing Commercial Banks in Nigeria to resume acceptance of foreign currency cash deposits.

First Bank also informed their customers;