Jun 07, · The Central Bank of Nigeria (CBN) yesterday announced the increase of foreign exchange (forex) allocations to banks to meet the requests of customers, particularly travellers, seeking forex Guaranty Trust Bank is a leading African Bank that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset Management services Phone number >> , Whatsapp only >> e-mail >> support@blogger.com
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The Central Bank of Nigeria CBN yesterday announced the increase of foreign exchange forex allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel allowances, payment of tuition and medical fees, among other invisibles.
The moves followed the warning by the CBN Governor, Mr. Godwin Emefiele, at a weekend meeting with managing directors of Deposit Money Banks DMBscautioning them to desist from denying customers, particularly travellers, the opportunity to purchase forex for Personal Travel Allowance PTABasic Travel Allowance BTAtuition fees, and medical payments as well as Small and Medium Enterprises SMEs transactions or for the repatriation of Foreign Direct Investment FDI forex exchange gtbank account. Confirming the discussions at the meeting of bank chiefs, the Acting Director, Corporate Communications Department at the CBN, Mr.
Osita Nwanisobi, said in a note that the CBN remained committed to ensuring liquidity in the forex market to meet genuine and legitimate demands of customers. The banks also agreed to operate something akin to foreign exchange imprest account such that the coffers of banks will be replenished so long as they retire the initial amounts to the satisfaction of the CBN. Nwanisobi allayed fears of a forex shortage and urged members of the public seeking to purchase foreign exchange for PTA, BTA, payment of tuition fees or medical fees to do so from their banks.
Sources at the meeting with the bank CEOs held to address the challenge faced by customers in accessing forex from their banks, said Emefiele warned that the CBN would deal with any bank that denies customers the opportunity to purchase foreign exchange for legitimate purposes.
According to the source, Emefiele said the CBN management frowned upon the seeming difficulty customers experienced in accessing foreign exchange through the banks, forex exchange gtbank account, particularly for Invisibles such as PTA and requests bordering on tuition and healthcare needs. Emefiele had also urged banks as well as Nigerians to strive to end environmental pollution and ensure sustenance of banking principles.
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Jun 24, · London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these Apr 19, · The changes in the forex regulations and the closure of bureaus de change redirected foreign exchange services to the banking sector which saw the profits from foreign exchange dealings up by 70% in Q1 However, earnings from forex fell heavily in Q1 due to the impact of the Covid pandemic on international trade Jan 05, · Obilan 16/05/ Hello guys please I need your help, I don't receive refund from my first bank virtual visa card, wheather from PayPal, aliexpress or wish, I don't receive the refund, and I have complain several times to first bank, they said they haven't seen the refund, this only happens to my first bank virtual visa card, I have issues with refund on my other bank virtual cards
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