New Circular: CBN To Sell Dollars Direct To These Industries

The CBN called this a one off intervention and ise dedicated to the clearance of the backlog of matured FX obligations for:

1. Raw materials and machineries for manufacturing companies;

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2. Agricultural chemicals; and

3. Airlines

The circular was not Published in the website of the CBN but most bankers contacted by Nairametrics indicate that they had received it. See below;