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CBN Changes Forex Sales’ Date

The Central Bank of Nigeria (CBN), will begin the sale of foreign exchange on Wednesday, March 23, as against the earlier advertised date of Tuesday, March 16.

“The postponement is necessitated by the introduction of Reserve Averaging, which took effect on Wednesday, March 9 and being new to the depositor money banks, they require some time to fully digest it,” read a press release from the bank.

The head of corporate communications of the bank, M.M. Abdullahi, who signed the press release, advised stakeholders to be guided accordingly.

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CBN Changes Forex Sales’ Date
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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