BREAKING: CBN introduces new forex rates…sells N357/$1 to banks

The Central Bank of Nigeria (CBN) says banks will no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances.

CBN, on Monday morning, said Nigerians can now get the dollar at 360 across all commercial banks within the country.

“The CBN to sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc),” the apex bank said on Monday.

More to follow…

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