Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has announced that the CBN would stop the sale of foreign exchange to Deposit Money Banks by the end of the year 2022. CBN Governor made this known at a press briefing during the launch of the bank’s new forex repatriation scheme, RT200, held after the Banker’s Committee meeting on Thursday, February 10, 2022 in Abuja, Nigeria’s capital. RT200 stands for Race to $200bn, and is a set of policies, plans and programmes for non-oil exports that would enable the country generate $200 billion in forex repatriation, exclusively from non-oil expo…
