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LequteMan
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The Central Bank of Nigeria, CBN, has relaxed forex rules for some categories of transactions in the country.
In a statement released yesterday, CBN says "all legitimate requests for foreign currency for eligible transactions, normally referred to as “invisibles”, are to be treated as top priority by Nigerian banks.
They are permitted to purchase dollars at the official/interbank exchange rate.
Such transactions include:
remittances for school fees,
student maintenance allowances,
Business Travel Allowance (BTA),
Personal Travel Allowance (PTA),
medical and other eligible transactions,
Click here for more details
In a statement released yesterday, CBN says "all legitimate requests for foreign currency for eligible transactions, normally referred to as “invisibles”, are to be treated as top priority by Nigerian banks.
They are permitted to purchase dollars at the official/interbank exchange rate.
Such transactions include:
remittances for school fees,
student maintenance allowances,
Business Travel Allowance (BTA),
Personal Travel Allowance (PTA),
medical and other eligible transactions,
Click here for more details
