The new policy is sequel to last Thursday’s directive by the National Economic Council, NEC, for immediate review to stem the widening gap between the inter-bank foreign exchange and parallel market rates.
The CBN said in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be providing direct additional funding to banks to meet the needs of Nigerians for personal and business travel, medical needs, and school fees, effective immediately.
The CBN said such retail transactions would be settled at a rate not exceeding 20 per cent above the interbank market rate.
Details later … Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Hmmmm...
ReplyDeleteTalk about ones primary constituency.
It would have been excellent if Redeemed Christian Church of God which happens to be the primary constituency of the Vice President actually dedicated some of their fasting days specifically for the success of their Brother and Member.
It would have been excellent if the primary constituency of the Vice President actually dedicated some of their fasting days specifically for the current challenges facing the administration in which their Brother and Member is a key figure.
It would have been excellent if the primary constituency of the Vice President actually dedicated some of their fasting days specifically for the sole aim of declaring and praying to fulfillment "PEACE BE STILL" to all the challenges facing the administration in which their Brother and Member is a key figure.
It would have been excellent if the primary constituency of the Vice President can actually help the administration in which their Brother and Member is a key figure to identify and fish out the actual root causes of our challenges and those enemies of the progress of Nigeria.
It would have been excellent if the primary constituency of the Vice President actually can help instill a whole sense of caution into the minds and hearts of everyone that is against the progress of our dear Nation Nigeria.
It would have been excellent if only wishes were horses.
Indeed Nigeria, "I HAVE A DREAM......."