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Farooq

Posts Tagged "forex allocation"

HomePosts Tagged "forex allocation"

As part of its efforts to promote the recent Central Bank of Nigeria (CBN) special Foreign Exchange (FX) window, First Bank of Nigeria Limited has engaged Small and Medium Enterprises (SMEs), on sensitisation programme to enhance operators’ accessibility of the platform. The CBN, on April 10, opened a special FX window SMEs for import of […]

  • CBN

By Obinna Chima In line with its avowed determination to ensure ample supply of foreign exchange (FX) in the market, the Central Bank of Nigeria (CBN) last Friday auctioned US$418 million through retail-Special Secondary Market Intervention Sales (SMIS), at a marginal rate of N310/$. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, in a […]

By Emma Ujah, AbujaBureau Chief The access to foreign exchange by the manufacturing sector, as a priority has been established with the sector receiving 48 per cent of the forex allocation this month. The Governor of the Central Bank of Nigeria (CBN), Mr. Godwing Emefiele had announced that the real sectors of the economy must […]