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CBN resumes dollar sales for SMEs, school fees

In view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria, the Central Bank of Nigeria (CBN) says 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.
 
In a statement released this afternoon, the apex bank said it is resuming the provision of over US$100 million per week for both categories and 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.
 
The bank says there is no need for panic by any end-user that could necessitate recourse to illegitimate sources and spike in foreign exchange rates. It adds that it has ramped up its surveillance of the foreign exchange markets for speculators, smugglers and other illegal users, and will take decisive actions against anyone/institutions involved in such nefarious activities. 

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The Petroleum Products Pricing Regulatory Agency (PPPRA ) has announced the reduction of the pump price
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[Music] Erima - Shuga Dimpz

Wed Apr 29 , 2020
Share this post Get Widget 1,119 total views, 3 views today Facebook Comments FG reduces petrol pump price to N121.50 per litre The Petroleum Products Pricing Regulatory Agency (PPPRA ) has announced the reduction of the pump price Manchester United officially confirm Odion Ighalo’s loan deal has been extended until January 2021 Manchester […]
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