GTB 737 banner Yudala banner

FOREX: CBN lifts supply with $180m…invisibles get $80m

By News Express on 21/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 288

•CBN Headquarters.
•CBN Headquarters.

The Central Bank of Nigeria (CBN) on Monday offered a total of $180 million to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances valued at $80 million, through the inter-bank window.

Confirming the figures, CBN Acting Director, Corporate Communications Department, Isaac Okorafor, said the wholesale requests would be settled today, Tuesday, March 21, 2017.

With the development, it is expected that the Naira will further strengthen in the foreign exchange market in the days to come.

While disclosing that the apex bank had so far met all the legitimate demands from genuine customers, Okorafor reiterated that the CBN would ensure sustainable forex liquidity and transparency in the process to enable as many customers as possible get access to the foreign exchange they genuinely demand.

He therefore advised eligible individuals with genuine foreign currency needs to freely approach their banks and authorised dealers with their request, stressing that the CBN had made adequate provisions of foreign currency for all such legitimate purposes.

Mr. Okorafor further advised legitimate customers to approach the CBN with their complaints should they be unfairly denied access.

 

Source News Express

Posted 21/03/2017 12:16:58 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Akunyili lists 55 effects of drug abuse (death...

The world mourns “Iron Lady” Margaret Thatcher

BREAKING NEWS: Salisu Yusuf emerges Super Eagles Chief...

NACTEST: Osinbajo and the revised counter-insurgency campaign, by...

29,581 displaced Nigerians return from neighbouring countries

‘King of the Blues’ B.B. King dies at...

Goldman Sachs spells out ‘top 10’ market themes...

Yakowa, Azazi: What brought down the plane?

Breaking: OLU FALAE KIDNAPPED; N100 million ransom demanded...

Release Zakzaky in obedience of court order, Shi’ites...

Osun Govt. vows to stamp out violence, gangsterism...

Protest rocks Osun school over extortion by security...

 

Latest News Ideology of Exponential Growth Devours, Corrupts: Growth as god in Silicon Valley (2) NiMet chief says floods may hurt cocoa, favor rice Dufil plans debt issue to raise additional $131 million Why 2017 Hajj fare is high: NAHCON OPEC moves to cap Nigerian oil output, boost compliance Police sack 3 officers for corruption Official Results: APC sweeps all chairmanship seats in Lagos LG polls Controversial book Nelson Mandela’s last day withdrawn following widow’s outrage Lai Mohammed mourns Adebayo Faleti, calls him a colossus in his time Nigerian academic ambassador Ademola Oluwaranti wins British excellence award We’re drinking our oil and eating our children’s future Power play in Aso Rock: Osinbajo vs Buhari’s men •Vital documents kept away from Osinbajo — Presidency source

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (266,549 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (247,398 views) Shameless Genevieve Nnaji exposes breasts in public (201,559 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (172,557 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (169,377 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (151,166 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (130,817 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (123,535 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (115,317 views) Lagos plane crash: Journalist releases victims’ names (107,417 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (107,095 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (99,713 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,639) Business Verdict (18) Columnists (715) Complaints & Requests (92) Enterprise & Opportunities (166) Entertainment (345) Features (470) Global Business Monitor (163) International (1,462) Interviews (126) Live Commentary (28) Love Matters (64) News (26,744) Opinion (758) Pidgin (8) Politics (3,819) Religion (581) Sports (1,287) Stock Watch (20) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!