Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals (789 Views)
Naira To Appreciate As CBN Issues Licence To New Intn.l Money Transfer Operators / CBN Bans 9 Depositor Banks / CBN Bans Use Of Dollars For Overseas Fees, Medical Trips (2) (3) (4)
| Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals by nwigwemark: 1:01pm On Feb 12, 2016 |
Comments According to reports, the Central Bank of Nigeria has placed Overseas School fees and Medical Tourism on its Foreign Exchange Prohibitive list. Nigerians who intend to travel abroad for studies will thus have to source Foreign Currency from the from the parallel market. The Naira has reportedly being impacted by the decision of the Central Bank of Nigeria as the Naira falls immediately to N325 to 1 US Dollar and N450 to 1 GBP. The apex bank may have directed financial institutions to immediately begin publishing Returns on Utilization of Foreign Currency purchased from the Central Bank as several newspapers were seen showing the details of FOREX transaction from various Nigerian Banks President Buhari remains headstrong in his resolve to resist Naira devaluation despite calls by leading economists within and outside the country |
| Re: Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals by Emmatdayo(m): 1:05pm On Feb 12, 2016 |
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| Re: Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals by MPVGoddess: 1:14pm On Feb 12, 2016 |
Wahala DEY O! |
| Re: Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals by demosoft: 1:54pm On Feb 12, 2016 |
| Re: Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals by mekaboy(m): 3:07pm On Feb 12, 2016 |
source? |
(1) (Reply)
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