The Central Bank of Nigeria has fined 4 banks for breaching its forex transaction regulations on MTN’s capital repatriation and asked for a refund of a total of 8.1 billion dollars from the bank. This comes after Nigeria recorded a 12.5 per cent dip in second quarter capital importation and 1.50, Yvonne Mhango, Director, Sub-Saharan Africa Economist at Renaissance Capital joins CNBC Africa to discuss the state of Nigeria’s business environment and the Q2 GDP report.
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Assessing Nigeria’s business environment & Q2 GDP
Published in Business
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