Tag: Dollar Sales

CBN resumes Dollar sales for SMEs, school fees, goes tough on speculators, others

Apr 29, 2020

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by

Femi Ajasa

in Business News, Nigeria

The Central Bank of Nigeria, CBN has announced the resumption of provision of foreign exchange to banks for onward sale to customers who wish to pay for transactions. This was disclosed in a statement signed by CBN Spokesman, Isaac Okorafor. Okorafor said, “In view of the gradual easing of the COVID-19 lockdown both globally and…
CBN stops dollar sales to NNPC

Mar 23, 2020

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by

Olaotan Falade

in Business News, News, Nigeria

The Central Bank of Nigeria (CBN) has stopped local and international oil companies from selling dollars to the Nigerian National Petroleum Corporation (NNPC). The apex bank said the move is in line with the its determination to improve foreign exchange supply to the economy as the impact of the Coronavirus (COVID-19) pandemic bites harder on…