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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
CBN Ag Director, Corporate Communications Isaac Okorafor
The Central Bank of Nigeria (CBN) on Wednesday released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials.
The Bank also called for bids for wholesale spot for $100 million for Basic/Personal Travelling Allowance, medicals and tuition fees.
Confirming this in Abuja on Wednesday, the Acting Director, Corporate Communications at the Central Bank of Nigeria, Mr. Isaac Okorafor, disclosed that the Bank has also commenced heavy injections into the spot market in addition to the settlement of requests for wholesale spot bids for invisibles like school fees, medicals and personal travel allowance.
News Expressrecalls that earlier this week, the apex bank had disbursed $20,000 each to the Bureau De Change (BDC) operators in two tranches of $10,000 each, which according to Mr. Okorafor underscores the commitment of the Bank to ensure liquidity in the foreign exchange market.
