The Central Bank of Nigeria on Wednesday intensified its surveillance of the foreign exchange market, warning speculators, smugglers and other illegal users.
The apex bank said this on Wednesday in a statement issued by the Director, Corporate Communications Department, Isaac Okorafor.
The apex bank said the warning became imperative following its resumption of dollar sales to the Small and Medium Enterprises and payment of school fees. The CBN said in view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria, foreign exchange would be provided to all commercial banks for onward sale to parents wishing to pay their schools fees.
The statement read in part, “The CBN is resuming the provision of over $100m per week for both categories .
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN Resumes Dollar Sale for SMEs, School Fees - THISDAYLIVEBy Obinna Chima The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and operators of small and medium scale enterprises (SMEs) wishing to make essential imports needed to revamp economic activities across the country. The central bank …
Read more »
CBN resumes dollar sales for SMEs, school fees - Premium Times NigeriaCBN says it has resumed the provision of foreign exchange to commercial banks for onward sales to SMEs wishing to undertake the importation of essentials
Read more »
CBN resumes dollar sales for SMEs, school fees
Read more »
CBN resumes dollar sales for SMEs, school fees – Daily TrustThe Central Bank of Nigeria (CBN) has resumed the provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises (SMEs). The CBN Director, Corporate Communications, Mr. Isaac Okorafor made this known in a statement in Abuja on Wednesday. Okorafor explained that the …
Read more »
Support for SMEs key, says Osinbajo - The Nation Nigeria NewsOsinbajo also said Nigeria's response to the outbreak of COVID-19 had been made easier through the decentralisation of activities, using the states
Read more »
CBN begins $100m weekly sales - The Nation Nigeria NewsThe Central Bank of Nigeria (CBN) has started the $100 million weekly dollar sales to parents for the payment of their children’s school fees..
Read more »