Some talk of a second CBN fx window

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Home » News » CBN now to allocate forex to end users. CBN now to allocate forex to end users . On December 28, 2015 3:42 am In News, Trending by akintayo eribake. Kindly Share This Story: ABUJA ... No end to the administrative measures on FX. 8. CBN now to allocate FOREX to end users on December 28, 2015. 9. Current Daily International Spend Limits on Debit Card - Dec 22, 2015. 10. Adjustment of FX Annual Limit. 11. CBN Directs the Use of BVN for all Foreign Exchange Transactions Effective 1st Nov. 12. The Central Bank of Nigeria (CBN) has added fertiliser among the items not eligible for foreign exchange (forex). The apex bank’s director, trade and exchange department, Ahmed Umar made this known in a statement in which he said fertiliser was added to the list because it can no longer allocate forex for its importation into Nigeria. The source said the CBN and the banks also decided to work with state governments to set up tax clearance verification platform, that banks will use to verify the authenticity of tax clearance certificates submitted by end users for dollar purchase. The source also said this would also be extended to flight tickets. He said though some banks ... Nairametrics The Central Bank of Nigeria now allocates foreign exchange (FX) to banks based on the size of their unimpaired shareholders’ funds – the value of shareholder investment in a bank. In a circular released by the CBN, which was not yet made public, the CBN announced a Special Wholesale Forwards Intervention not exceeding 60 days, with the following conditions (excerpts) No end to the administrative measures on FX. 3. CBN now to allocate FOREX to end users on December 28, 2015 - Vanguard. 4. Current Daily International Spend Limits on Debit Card - Dec 22, 2015. 5. Adjustment of FX Annual Limit. 6. CBN Directs the Use of BVN for all Foreign Exchange Transactions Effective 1st Nov. 7. “It is difficult for indigenous manufacturers to access forex despite CBN’s promise to manufacturers that they will allocate 60 per cent of foreign exchange to them. “It is unbelievable that for over two months, no forex has been allocated to Erisco Foods whereas the same forex is allocated daily for the importation of finished goods. Products that can be easily produced locally like ...

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