CBN releases additional $250m for airlines, oil marketers, others

by Dolapo Adelana

The Central Bank of Nigeria on Wednesday released additional $250m on seven to 30-day forwards for agriculture, airlines, petroleum products and raw materials.

The apex bank’s Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, who confirmed this in a statement in Abuja said the CBN had also commenced heavy injection of forex into the spot market.

The apex bank also called for bids for wholesale spot for $100m for Basic/Personal Travel Allowances, medicals and tuition fees.

[Read Also:] CBN pumps fresh $195m into foreign exchange market

Earlier this week, the CBN disbursed $20,000 each to the Bureau De Change operators in two tranches of $10,000 each.

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