This was contained in a statement by the national coordinator of the group, Ibrahim Muhammed and made available to newsmen.
Browsing: Basic Travel Allowance
The apex bank said this in a statement on Tuesday.
Okorafor said in a statement that the apex bank offered 100 million dollars to authorised dealers in the wholesale segment of the market.
The Small and Medium Scale Enterprises segment received $55 million, while $55 million was apportioned to invisibles such as tuition fees, medical payments and Basic Travel Allowance.
Disclosing this in Abuja, the Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said the sum of $100 million was offered to the wholesale segment, while the Small and Medium Enterprises segment got an allocation of $55 million.
Figures obtained from the Bank indicate that the CBN offered $100 million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received the sum of $50 million.
A breakdown of the Monday’s intervention indicated that the Bank offered the sum of $100 million to dealers in the wholesale segment, while it allocated the sum of $23 million to the Small and Medium Enterprises segment.
The Bank’s spokesman, Isaac Okorafor, confirmed the releases, disclosing that the new window for SMEs would no doubt boost the business of SMEs through the importation of eligible finished and semi-finished items, thereby boosting FOREX supply to the retail business segment of the market
In the weeks ahead, the CBN said it will sustain its intervention through the sale of foreign exchange to all segments of the market
Among the invisibles for which the Dollar is to be sold at the Bank include school fees, Basic Travel Allowance, Personal Travel Allowance and medicals
The apex bank disclosed this in its Forex Forward Sales Report on the second wholesale intervention obtained by the News Agency of Nigeria on Sunday in Abuja