Economy
CBN Introduces New FOREX Rates, Dollar Now N360 For “Invisibles”
The Central Bank of Nigeria (CBN) on Monday said Nigerians can now buy dollar at N360 from commercial banks across the country.
The new rate applies to invisibles such as school fees, medical bills and travelling allowances.
“CBN to sell FOREX to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc)
CBN directs banks to post new rates in the banking halls of their branches immediately
CBN examiners to visit banks to ensure the new rates are implemented
CBN prohibits banks from selling FOREX funds meant for invisibles to BDCs” the apex bank said via its twitter page on monday.
Follow us on social media:-
News2 days ago
Uniport Lecturer Spotted Harassing Female Student In Office; Mgt Reacts (Video)
-
Celebrity Gossip & Gist2 days ago
Davido’s manager, Asika speaks on why Davido is yet to collaborate with Wizkid, Burna Boy on a song
-
News20 hours ago
More trouble for Emefiele as EFCC accuses him of printing N684.5m naira notes with N18.9bn
-
News2 days ago
Man shares encounter with applicant who came for job interview after insulting him online