According to Boason Omofaye, the head of business news at Channels television, who made this assertion this morning, overseas school fees and medical tourism have been placed on CBN’s foreign exchange prohibitive list.

By this directive, Nigerians who may need to go outside the country for education purpose or health care will have to get the foreign currency from the parallel market to carry out their engagements.

This reason for this new development could not be ascertained but it may not be unconnected to the weakening state of the Nigerian currency against the dollar on the parallel market.

Only yesterday, experts from all walks of life assembled at a business colloquium to debate if it is imperative to devaluate the naira.

The colloquium, facilitated by The Cable, an online newspaper, took place at the civic centre, Lagos.

Titled “Naira On Trial: To devaluate or Not?” had business tycoons, professionals, analysts, among others in attendance.

The keynote speakers took turns to share their insights on the topic focusing on the merits and demerits of devaluating Naira.


http://www.financialwatchngr.com/2016/02/12/cbn-bans-use-of-dollars-for-overseas-fees-medical-trips/

Wish dansukigate had .....

OK oo

really?

Banning everything. Ban Buhari from going to oversee for medical checkup.

Buhari i think you heard that too. Last time i checked you came back from medical trip so where was the money from. Imagine the kind of hospital here and your placing medical checks on ban list. why should common man bear the pains of the excessive of select few whose luxury can be compared to that of heaven

Ban ban ban, the only thing this government can not ban is "the air we breath in/out" if it is possible, Buhari would hv done so

If you want Baba God to answer your call this very year punch the like button

Not true

- no such directive from CBN to commercial banks
- no press release
- no Godwin's rep has spoken on this subject lately

Bazaar

Ok

Lobatan

Confused Government.
You ban everything yet the fuc.cking naira keep crashing like dana air.
But Buhari will pay his doctor in UK with naira right?
Policies that will reflect and affect only on common man.

Am loosing trust in this man administration, its like it will be another 4 wasted years if not worse than previous.

i support any move to make our dear naira valuable again

Okay it can only get worse, worse and worse

This is serious ooh, and I was planning 2 travel overseas soon

Ban this. Release this. Ban it again.
Trial in 2016?

What did this animals study in School if they cannot draft a working plan for a country as big as Nigeria?

Mistakes everywhere. Banks, schools, ministries, budget, everywhere. And yet nobody has resigned or arrested..

No objection

Even if they banned the sight of dollar anywhere, it will still get to #400 before Easter break.

Hard times for those intending to school overseas.

justi4jesu:
Okay it can only get worse, worse and worse

And youre happy about it? SMH!

still using d dictatorial pattern ... when it fails they will start telling us how gej stole $1trillion...

FWJOBSNG:
According to Boason Omofaye, the head of business news at Channels television, who made this assertion this morning, overseas school fees and medical tourism have been placed on CBN’s foreign exchange prohibitive list.

By this directive, Nigerians who may need to go outside the country for education purpose or health care will have to get the foreign currency from the parallel market to carry out their engagements.

This reason for this new development could not be ascertained but it may not be unconnected to the weakening state of the Nigerian currency against the dollar on the parallel market.

Only yesterday, experts from all walks of life assembled at a business colloquium to debate if it is imperative to devaluate the naira.

The colloquium, facilitated by The Cable, an online newspaper, took place at the civic centre, Lagos.

Titled “Naira On Trial: To devaluate or Not?” had business tycoons, professionals, analysts, among others in attendance.

The keynote speakers took turns to share their insights on the topic focusing on the merits and demerits of devaluating Naira.


http://www.financialwatchngr.com/2016/02/12/cbn-bans-use-of-dollars-for-overseas-fees-medical-trips/

Ahah ahahah I laugh in multiple language. I believe some people will wake up from thier dreams if this news is indeed true.

Ok

I blame gravity for the fall of naira.

na wa o,why he come be say na when i get admission for France to study Yoruba dis ban come happen?

Buhari go get problem oo for medical health matters be dat ooo.. pls can someone. Tell us d advantages and disadvantages of devaluing d naira

VickyRotex:
Lobatan

sharaaaaaaaaaaap bad belle girl

This government is bereft of ideas to resuscitate the economy!
Unfortunately the people will bear the brunt of all these not fully thought out policies!

I just came to yawn. No be today....

For every ban, the price of dollar goes up in the black market. Don't they get it?