Monday, July 15, 2024
HomeBusinessCBN Resumes Dollar Sales For SMEs, School Fees

CBN Resumes Dollar Sales For SMEs, School Fees

CBN Gov. Godwin Emefiele

 

By Our Reporter

Central Bank of Nigeria (CBN) said it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country.

According to a  statement made available to National WAVES on Wednesday by Mr. Isaac Okorafor the Director Corporate Communications, the decision is in view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria.

He further stated that the CBN is resuming the provision of over US$100 million per week for both categories. The CBN has also made complete arrangements to resume foreign exchange sales to the BDC segment of the market for business travels, personal travels, and other designated retail uses, as soon as international flights resume

 

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