Business
CBN Crashes Dollar to N360 for PTA,BTA, TUITION, Medical Fees.
BREAKING NEWS:
The Central Bank of Nigeria has adjusted the exchange rate of the naira from N307 to the dollar to N360 per dollar.
The new rate was disclosed by the Acting Director Corporate Communication Mr. Isaac Okorafor.
He said “The Central Bank of Nigeria (CBN) has directed all banks to immediately begin sale of forex for BTA, PTA, Tuition and Medical fees to customers at not more than N360 per dollar. CBN will sell to banks at 357 naira per dollar.
“Banks are to post the new rates in the banking halls of their branches immediately. CBN will send examiners to banks to ensure the new rates are implemented. Banks are prohibited from selling foreign exchange funds meant for invisibles to BDCs”.
Details shortly
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