CBN Denies Not Granting Petrol Marketers Access To Forex

The Director, Corporate Communications at the Central Bank of Nigeria (CBN), Mr. Ibrahim Mu’azu has said only petroleum products marketers without good plans have difficulties accessing needed foreign exchange for imports.
The apex bank maintained that the claims by some marketers that they were being denied legitimate access to forex, were false. Mu’azu said the bank had not denied any marketer access to forex, but explained that marketers cutting corners in their bid to get forex, would always be delayed.
Some oil marketers, who had successfully imported Premium Motor Spirit (otherwise called petrol) into the country as part of their allocation for the quarter, had recently claimed that they were having challenges paying their foreign partners owing to dollar shortage.