Central Bank of Nigeria Increases Forex Allocation to Banks
Jun 7, 2021 ·
1m 7s
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Description
The Central Bank of Nigeria announced the increase of foreign exchange allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel allowances, payment of tuition...
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The Central Bank of Nigeria announced the increase of foreign exchange allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel allowances, payment of tuition and medical fees, among other invisible.
The CBN Governor, Mr Godwin Emefiele cautioning them to desist from denying customers, particularly travellers, the opportunity to purchase forex for Personal Travel Allowance, Basic Travel Allowance, tuition fees, and medical payments as well as Small and Medium Enterprises transactions or for the repatriation of Foreign Direct Investment proceeds.
The Acting Director, Corporate Communications Department at the CBN, Mr Osita Nwanisobi, says that the CBN remained committed to ensuring liquidity in the forex market to meet genuine and legitimate demands of customers.
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The CBN Governor, Mr Godwin Emefiele cautioning them to desist from denying customers, particularly travellers, the opportunity to purchase forex for Personal Travel Allowance, Basic Travel Allowance, tuition fees, and medical payments as well as Small and Medium Enterprises transactions or for the repatriation of Foreign Direct Investment proceeds.
The Acting Director, Corporate Communications Department at the CBN, Mr Osita Nwanisobi, says that the CBN remained committed to ensuring liquidity in the forex market to meet genuine and legitimate demands of customers.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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