The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $73.5million loan facility to OIS Indorama Port Limited, to support the development of a multi-purpose port terminal at Onne in Port Harcourt.
For the second week in a row, Zenith Bank Plc has maintained its lead with the highest allocation of foreign exchange from the Central Bank of Nigeria (CBN), the returns on utilisation of forex published by banks last week have shown.
Bank returns on the utilization of foreign exchange bought by commercial banks from the Central Bank of Nigeria (CBN) last week have shown that Zenith Bank Plc with $23,006,130.65 reported the highest amount of forex purchased for its customers.
The Central Bank of Nigeria (CBN) wishes to clarify to the general public that it has NOT stopped the allocation and sale of Foreign Exchange for purposes of paying school fees and settlement of medical bills overseas.
First Bank of Nigeria Limited is leading 14 other commercial banks in the utilization of foreign exchange from the Central Bank of Nigeria, CBN.
As the foreign exchange market records further widening of the parallel market margin, the Director, African Department of International Monetary Fund, IMF, Ms Antoinette Sayer, has said that measures put in place by the Central Bank of Nigeria, CBN, to restrict access to foreign exchange, forex, needed to be reviewed.
Naira on Monday sustained stability against the dollar, closing at N199.05k/$ at the interbank foreign exchange as dealers and analysts await the decision of the Monetary Policy Committee (MPC) today.
The Central Bank of Nigeria (CBN) has directed all authorised dealers in foreign exchange in Nigeria to henceforth treat, as top priority, all legitimate demand for foreign exchange for eligible transactions.