The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises (SMEs).
The CBN Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement in Abuja on Wednesday.
Okorafor explained that the development was due to the gradual easing of the COVID-19 lockdown in the country and across the globe.
He said this step would also help owners of SMEs to make essential imports needed to revamp economic activities across the country.
“In particular, the CBN is resuming the provision of over 100 million dollars per week for both categories.