The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports.

Emefiele said Nigerian banks, which consist of GTBank, Zenith Bank, Access Bank, Stanbic IBTC, Wema Bank, among others, should continue to ramp up their own sources of non-oil export that will generate forex through repatriation.

At a period Nigeria is struggling with forex scarcity, the apex bank boss said sourcing their own FX will enable the commercial banks to meet foreign exchange demands from account holders.

Prime Business Africa recalls that Emefiele had previously threatened to https://www.primebusiness.africa/cbns-godwin-emefiele-tells-gtbank-zenith-others-to-source-non-oil-export-forex/