Shell Nigeria Yudala
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: 156

•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 20/03/2017 6:16:58 PM

 

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...
Relocate or get crushed, Operation Pulo Shield Commander...

Judge blasts Dariye’s lawyer over delay in N1.16bn...

Akpabio implores students to embrace science education

Tambuwal charges FRSC on overloading, gives kudos on...

Ooni, 60 monarchs endorse Jonathan in Ile-Ife

PDP warns Jega over alliance with APC, threatens...

NDLEA apprehends 109 drug trafficking suspects

Okowa forwards 2 bills to Delta Assembly

INEC, APC have struck deal to rig today’s...

Nigeria imports N165bn fruit juice annually: MAN

NSE advises investors on how to survive stock...

Medical laboratory scientists seek Edo Government’s assistance to...

 

Latest News Niger Delta militants threaten protests over delayed stipends Oil company chief declared wanted over $26m FOREX fraud Traditional ruler suspended for rape Cocaine with Lionel Messi branding seized by police Troops destroy Boko Haram’s bomb factory, rescue women, children Protests against us in Nigeria sponsored, says Amnesty International Reps declare Kaduna Airport insecure, unsafe Umahi raises committee to end communal clash between Abakaliki, Ikwo communities El-Rufai to commission 50 million litres Zaria water project Oyegun commends Speaker Dogara for standing behind FG, APC Ile-Ife Crisis: Rights group condemns Buhari, Aregbesola, Police over one-sided arrests Pension Scam: APC’s show of knavery, By Tony Ademiluyi

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (234,486 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (213,044 views) Shameless Genevieve Nnaji exposes breasts in public (177,167 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (161,850 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (150,491 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (133,060 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (116,422 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (115,564 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (103,134 views) Lagos plane crash: Journalist releases victims’ names (98,664 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (93,523 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (93,282 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,495) Business Verdict (14) Columnists (655) Complaints & Requests (82) Enterprise & Opportunities (142) Entertainment (292) Features (407) Global Business Monitor (143) International (1,308) Interviews (116) Live Commentary (28) Love Matters (48) News (22,656) Opinion (662) Pidgin (8) Politics (3,624) Religion (490) Sports (1,244) Stock Watch (15) AMA & Al Jazeera Global Update

 

 

JAMB Sale of 2016/2017 UTME/DE applications

 

CBN Advert

 

Mohammed Anas thanks 'wife and girlfriend' (full interview)

 

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!