CBN Acting Director, Corporate Communications
Department, Isaac Okorafor said $100
million was offered to the wholesale segment, while the Small and Medium
Enterprises (SMEs) segment got $55
million. The invisibles segment comprising of tuition fees, medical payments
and Basic Travel Allowance (BTA), among others was also allocated $55 million.
He said the releases to successful bidders, which have since
been concluded, are part of effort aimed at further enhancing ease of doing
business in Nigeria. He explained that beside boosting liquidity in the forex
market, facilitating trade and remittances
for legitimate personal commitments are also expected to improve tremendously.
Speaking on market conduct, Okorafor urged authorised
dealers to abide by the extant rules of the forex market as CBN would continue
intensify monitoring of the market.
He said the naira maintained its steady rate against the
United States dollar, exchanging for N361/$1 in the bureau de change segment of
the market.
Meanwhile, Okorafor has also urged Nigerians to take
advantage of the various development initiatives of the CBN in agriculture and
small and medium enterprises to curb youth restiveness.
He spoke at the CBN sensitisation programme in
Port-Harcourt, Rivers State.
He said the CBN fair is an interactive forum aimed at
explaining policies, programmes and initiatives of the bank as well as
providing means of getting redress on issues in which the public felt
short-changed in dealing with deposit money banks and the activities of the
CBN.
THE NATION
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