WE have adequate Forex for PTA, BTA, Tuition & Medical Fees -CBN

Kunle Binuyo || The Central Bank of Nigeria (CBN) has described as totally untrue information being fed to some customers seeking to buy forex for BTA, PTA, medical and school fees by some banks that the CBN is not allocating enough forex to them for BTA, PTA, Tuition and Medical fees.

The Acting Director of Corporate Communications of the Apex Bank said in a statement that all banks have more than enough stock of forex in their possession for the purpose of meeting genuine customers’ demand for BTA, PTA, tuition and medical fees.

According to him, ”Indeed, on a weekly basis, the CBN has been selling at least $80m to banks for onward sale to their customers for these invisible items.”

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Members of the public seeking to buy forex for the above-mentioned purposes are, therefore, advised to go to their banks and obtain their forex. Any customer who is not attended to within 24 hours for BTA/PTA or 48 hours for tuition and medical fees should call 07002255226 or send an email to cpd@cbn.gov.ng, with the name and branch of the non-cooperating bank.

Also, customers were urged in the statement not to accept to buy forex from any bank at more than the CURRENTLY prescribed rate of N360/$1.