As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees.
Also, the Bank offered a total of $150 million to authorised FOREX dealers in the interbank wholesale auction window.
The Bank’s Acting Director in charge of Corporate Communications, Isaac Okorafor confirmed the figures, disclosing that the CBN had adjusted BDC sale days to Tuesdays only to reduce logistical difficulties.
He added that henceforth the apex Bank would sell $10,000 only to low-end forex dealers once a week.
According to Okorafor, in a bid to further ease the access of customers, the CBN has also directed all banks to pay cash over the counter to desiring foreign exchange customers.
