The Central Bank of Nigeria has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers, particularly travelers, seeking the forex for travel allowances, payment of tuition and medical fees, among other invisibles. This followed a warning issued by CBN Governor Godwin Emefiele at a meeting with […]
Punch Newspapers
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Published 7 June 2021
The Central Bank of Nigeria said it has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers seeking forex for travel allowances, payment of tuition and medical fees, among other invisibles.
This followed the warning by the CBN Governor, Mr Godwin Emefiele, to Deposit Money Banks to desist from denying customers the opportunity to purchase foreign exchange for several purposes.
The purposes include Personal Travel Allowance, Basic Travel Allowance, tuition fees, and medical payments as well as Small and Medium Enterprises transactions or for the repatriation of Foreign Direct Investment proceeds.
Daily Post Nigeria
Published
Good morning! Here is today’s summary from Nigerian Newspapers:
1. The Christian Association of Nigeria (CAN) has requested for the immediate establishment of Ecclesiastical Courts in Nigeria. CAN’s chairman in Kano State, Reverend Adeolu Adeyemo made the request at the House of Representatives Public Hearings on the Review of the 1999 Constitution (As amended) taking place in Kano.
2. Former President, Olusegun Obasanjo, yesterday, lamented the deplorable state of Nigeria, saying the country now flows with bitterness and sadness, rather than milk and honey. The former president spoke at the unveiling of a book in his honour at the Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State capital.
Air Niugini commenced the PCR testing for all international passengers leaving Port Moresby as of 17th of May. This was followed by its upgrade from the prior Rapid Antigen testing.