{"id":24514,"date":"2020-04-29T19:25:29","date_gmt":"2020-04-29T19:25:29","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=24514"},"modified":"2020-04-29T19:25:29","modified_gmt":"2020-04-29T19:25:29","slug":"cbn-resumes-dollar-sale-for-smes-school-fees","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees","title":{"rendered":"CBN Resumes Dollar Sale for SMEs, School Fees"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and operators of small and medium scale enterprises (SMEs) wishing to make essential imports needed to revamp economic activities across the country.<\/p>\n

The central bank disclosed this in a statement signed by its Director, Corporate Communications, Isaac Okorafor.<\/p>\n

The decision was arrived at, in view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria the country.<\/p>\n

\u201cIn particular, the CBN is resuming the provision of over US$100 million per week for both categories. The CBN has also made complete arrangements to resume foreign exchange sales to the Bureau De Change segment of the market for business travels, personal travels, and other designated retail uses, as soon as international flights resume.<\/p>\n

\u201cWith these actions, the CBN wishes to reiterate that it is adequately meeting the needs of all legitimate users, and our continued capacity to do so should not be in doubt. There is therefore no need for panic by any end-user that could necessitate recourse to illegitimate sources and spike in foreign exchange rates.<\/p>\n

\u201cGiven this, the Bank has ramped up its surveillance of the foreign exchange markets for speculators, smugglers and other illegal users, and will take decisive actions against anyone\/institutions involved in such nefarious activities,\u201d the Bank added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and operators of small and medium scale enterprises (SMEs) wishing to make essential imports needed to revamp economic activities across the country. The central bank disclosed […]<\/p>\n","protected":false},"author":62,"featured_media":3212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[503,1108],"class_list":["post-24514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cbn"],"yoast_head":"\nCBN Resumes Dollar Sale for SMEs, School Fees - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales to parents\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN Resumes Dollar Sale for SMEs, School Fees\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales to parents\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-29T19:25:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1062\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"CBN Resumes Dollar Sale for SMEs, School Fees\",\"datePublished\":\"2020-04-29T19:25:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/CBN-1062x598.jpg\",\"keywords\":[\"CBN\",\"economic growth\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cbn-resumes-dollar-sale-for-smes-school-fees\",\"name\":\"CBN Resumes Dollar Sale for SMEs, School Fees - 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