Are you a Nigerian and you are traveling abroad? Then, this is good news for you. The Apex bank in the country, the Central Bank of Nigeria (CBN) has given out a directive to banks to give out foreign exchange to you for your travelling needs.
In a statement on Saturday night, the apex bank’s Acting Director, Corporate Communications, Isaac Okoroafor stated that in a bid to ensure that eligible travelers are able to access foreign currency and make liquidity available in the market, the CBN had issued the following instructions to banks:
“All Deposit Money Banks are mandated to buy and sell foreign currency to travelers (both customers and non-customers) upon presentation of relevant valid travel documents such as visa and tickets over the counter. All travelers shall be attended to immediately at the bank’s counters. Any contravention will be sanctioned by the CBN.
“All Bureaux de Change (BDCs) shall henceforth access dollars from the CBN on Monday’s, Wednesdays and Fridays. It is compulsory that all BDCs access currency at least three times weekly.”
Packaged by Alice Egbedele
