$55million was injected into the economy for Nigerians requiring foreign alternate (Forex) for Business/Personal Travel Allowances, tuition, and medical prices by the Central Bank of Nigeria (CBN), and this used to be part of the $210million pumped into more than a few segments of the overseas trade market with the aid of the apex bank.
Mr Isaac Okorafor who is the CBN performing Director released A breakdown of the quantity which showed the following;
* aside from the $55million greenbacks for travel, tuition and clinical fees.
* $100million as wholesale interventions and another
* $55million via the Small and Medium Enterprises (SMEs) Forex window.”
According to Mr Isaac Okorafor, he entreated all dealers to proceed to play by the rule, as the CBN would not hesitate to sanction any erring bank or dealer.