CBN Orders BTAs, PTAs, Medicals, School Fees At 360 Naira Per Dollar

Dollar to Naira

The Central Bank of Nigeria has ordered banks to sell dollars at the rate of 360 for invisibles such as school fees, medical bills and travel allowances.

Banks had earlier made bids worth $91 million, CBN on its part offered $100 million and the lenders ended up picking $81.35 million, leaving about $18 million for the apex bank.

The apex bank further stated that it would send examiners to banks to ensure the new rates are implemented, warning that all DMBs are prohibited from selling forex meant for invisibles to Bureau De change (BDCs).

William and Kate meet survivors of deadly Bataclan theatre attack in Paris
As always, the Duchess looked elegant as she selected a mix of her favourite designers - from British and French to American. Kate Middleton has made Paris even chicer by gracing the City of Lights in a stunning black gown.

He therefore urged customers to report any erring bank refusing to sell at stipulated rates and conditions to the CBN for investigation and appropriate sanctions.

The regulator said that it will now be traded for N360 per Dollar as it will sell to the banks for N357 per Dollar.

While the interbank rate close the week at N307/$, naira sustained gains at the parallel market to N378/$, widening the speculative losses and triggering further apprehension among speculators, who anticipate further losses given the continued crash of the dollar.

Book of Condolence In Memory Of Martin McGuinness Opens At Guildhall
Terence Slowey, on behalf of councillors and council management and staff, has extended his deepest sympathy to Mr. Mr Adams said Mr McGuinness was born into an "Orange state which did not want him or his kind".

"Banks are to post the new rates in the banking halls of their branches immediately".

Daily Sun findings reveal that most forex hoarders who hitherto calculated that the apex bank's interventions were not sustainable have continued to record heavy losses with the latest interventions in February.

Traders are optimistic that the national currency value could rise to about N350 against the dollar.

Yankees' Didi Gregorius to miss six weeks with shoulder injury
NY could slide Starlin Castro over to shortstop, or use Ronald Torreyes or Tyler Wade to fill in while Gregorius is on the shelf. He started every one of those contests at shortstop, putting the Yankees in a bit of a quandary entering opening day.

Speaking at the weekend, the Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, confirmed the plan to inject more foreign exchange into the forex market in the weeks ahead.

Related:

  • Danny Blind sacked as Netherlands head coach

    Bulgaria subsequently move above Blind's men, and are now perched in a respectable third place after their spirited victory. Netherlands manager Danny Blind gave an global debut to Matthijs de Ligt - a 17-year-old product of Ajax's youth academy.
    France's Le Pen Calls For Anti-Terrorism Intelligence Sharing With Moscow

    France's Le Pen Calls For Anti-Terrorism Intelligence Sharing With Moscow

    Kremlin spokesman, Dmitry Peskov, also told the Reuters news agency on Friday that Putin and Le Pen did not discuss financial aid. State Duma speaker Vyacheslav Volodin told reporters that Le Pen would visit an exhibition of French Gothic art at the Kremlin.

    What's New in Android O!

    As of now this is only a guess that Google might be bringing forward the support for more themes with the gen-next Android OS. One of the features that will definitely make users excited about the "O" is the Picture-in-Picture feature.
  • Carrie Lam to be next HK leader

    Carrie Lam to be next HK leader

    Some are elected by peers, but others are uncontested, especially in sectors most supportive of China's Communist leaders. In her victory speech she promised to mend political divisions that have dogged legislative and policymaking efforts.
    Comet Ping Pong

    Comet Ping Pong "Pizzagate" Shooter Pleads Guilty To Weapons Charges

    The story turned out to be false, and Welch was arrested for brandishing an AR-15 rifle and revolver while in the restaurant. At about 3 p.m., he marched inside the restaurant, which was occupied by employees and customers, including children.
    Eiffel Tower to go dark at midnight for London victims

    Eiffel Tower to go dark at midnight for London victims

    She said: "Paris and London have close links of friendship, which have never ceased to grow over the last few decades". Moments later, a police officer who was guarding parliament was fatally stabbed.
  • Boko Haram: Troops kill terrorists at Borno College of Business

    Boko Haram: Troops kill terrorists at Borno College of Business

    There was claim that the army was informed of the imminent attack but nothing was done about it. He said troops were in pursuit of the attackers, most of whom had escaped with gunshot wounds.

    Millions to switch off lights for Earth Hour 2017

    On Saturday, people in virtually every country in the world can expect to see city landmarks darkened in honour of Earth Hour. Members of the public are also being encouraged to take part by switching off their lights for the hour.
    Jason Day withdraws from event, reveals his mother is battling lung cancer

    Jason Day withdraws from event, reveals his mother is battling lung cancer

    Later, he tried to provide context. "My back is fine, I'm 100 per cent healthy", Day said. "I got into my little zone". Patrick Reed halved with Jason Dufner while Johnson, the world No1, thumped Webb Simpson 5&3.
  • Leaders meet for Rome anniversary — European Union  summit

    Leaders meet for Rome anniversary — European Union summit

    Pope Francis had earlier warned on the eve of the summit that the crisis-hit bloc "risks dying" without a new vision. Signed on March 25, 1957, the treaties sought to unite Europe following the devastation wrought by World War II.
    Datone Jones signs deal with Vikings

    Datone Jones signs deal with Vikings

    Jones played in a 3-4 defense with the Packers as an outside linebacker, but will play defensive end in a 4-3 with the Vikings. It would be easy to find a veteran to add to the mix such as Connor Barwin or Chris Long, but that is rarely Thompson's style.
    Push is on to drop marijuana ban in IL

    Push is on to drop marijuana ban in IL

    Both bills call for taxing marijuana at $50 per ounce, wholesale level, plus the standard IL sales tax rate. Bruce Rauner, told Chicagoist via email that "the two bills are now under review" by the governor's office.

Comments

Latest news

Samsung Galaxy S8 To Have A 3D Camera
But guys, the Note 7 is coming back! As for the refurbished idea, well , if that's really what Samsung wants to do, so be it. For example, the new standard involves a new battery puncture test to its safety check in the wake of the Note 7 incident.

Reynolds, Fisher honored with humor, music and dance
Fisher and Reynolds had a complex relationship, with some years of estrangement before they reunited and became close confidantes. Fans of Carrie Fisher and her mother, Debbie Reynolds, were able to pay their final respects at a public memorial held Saturday.

Mindy Kaling and Cory Booker Just Planned a Date Night
Booker, ever the politician, took Kaling's words and used them to push his agenda.in the most adorable way. Much to the collective surprise - and glee - of Twitter, Kaling accepted.

Jon Rahm smashes 426-yard drive at WGC-Dell Match Play Championship
He said he fancied his chances of beating namesake and compatriot Zach, not because of the world rankings but because of his form. Rahm made quick work of the other quarter-final, giving Dane Soren Kjeldsen a 7&5 shellacking. "It's a long way to go.

Rock'n'roll pioneer Chuck Berry dead at 90
Bruce Springsteen, the American rock singer, said on Twitter: "This is a tremendous loss of a giant for the ages". He also recognised the popularity of country music and added some hillbilly twang to his guitar lines.

Trump travel ban upheld but previous block rulings remain
At this stage of the lawsuit, Trenga concluded, the plaintiffs have not demonstrated a likelihood to succeed on the merits. Judge Trenga on Friday (24 March) rejected claims of discrimination by the Council on American-Islamic Relations (CAIR).

US Authorizes Construction of Pipeline Keystone XL
The State Department estimated that construction of Keystone XL would contribute $3.4 billion to the nation's output. But in January he had leavened his optimism with some doubts because of uncertainty about demand from oil producers.

Karim Benzema warns Kylian Mbappe against leaving AS Monaco
If that were the case, I would have said so directly to the coach, because I'm a big boy. To Deschamps' defence, Benzema did not help his case with clumsy communication.

Sean Spicer Won't Deny Trump Aides' Collusion With Russian Operatives
The measure, known as the American Health Care Act, is expected to come to the House floor for a vote Friday afternoon. At this rate, by next week, I half-expect Spicer to describe Manafort as "some guy Trump once said hello to".

Casey: I'm Voting Against Gorsuch for Supreme Court
There's also an important political goal that can be served by elevating this controversy, even if Gorsuch can't be stopped. During the hearing, the Supreme Court unanimously rejected Judge Gorsuch's extreme reasoning in a related case .

After Air India, IndiGo also cancels Shiv Sena MP Ravindra Gaikwad's ticket
Shiv Sena chief Uddhav Thackeray has sought a report to determine the facts before he decides on what happens next for Gaikwad. Gaikwad said .Following the incident, Air India blacklisted the Shiv Sena leader.

Super Mario Run Android Version Gets An Early Release; Details Here
The company may have released " Fire Emblem Heroes " in February as a freemium game, but that might actually just be a one-off. However, veteran members of the support forum for the game have disclosed a couple of quick-fixes to address the problem.

Derry City captain Ryan McBride dies at 27
And current Derry player Josh Daniels lost his mother, sister, brother in law and nephews in the Buncrana pier tragedy in Donegal. Derry City chairman Phil O'Doherty also told of a "leader on and off the field", adding: "This news is so hard to take in".

Watch Rihanna React to Her "Bates Motel" Sex Scene
The upcoming episode of the series will bring the highly anticipated twist to Marion's character as she checks into Bates Motel . Her reactions were hilarious, especially when a sex scene popped up onscreen and she recoiled at the "gross" kissing sounds.

Google Maps Now Lets You Track Exactly Where Your Friends Are
The recipient will get a link that launches a Google Map featuring a floating blue dot that represents your real-time whereabouts. User can also use the feature to allow authorized people to follow them if they are making a trip to specified destination.

Other news