Just In: CBN reduces exchange rate for travel allowances, school fees to N360

by Dolapo Adelana The Central Bank of Nigeria has reduced the exchange rate for travel allowances, medical allowances, and school fees from N370 to a dollar to N360 to a dollar. The CBN will sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc.)... Read More