PHOTO: Central Bank of Nigeria, orders a review of the Foreign exchange rate for oversea tuition at 360 to $1, from N390

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The Central Bank of Nigeria (CBN) has again ordered all banks to process foreign exchange demand for Personal Travel Allowances (PTAs), Business Travel Allowances (BTAs), medicals and school fees at the rate of N360 Naira to $1-American Dollar...from the initial N390...


Given the continued free fall of the Dollars-to the naira, the CBN thought it wise to review its exchange rate policy...and it has thus far, pumped in over $1.7billion into the economy and hints more will be done to make the  naira stronger again...

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