Isaac Okoroafor, the apex bank spokesperson, in a statement said that the apex bank will sell to commercial banks at 357 naira per dollar.
The CBN, while revealing that examiners will be sent to the banks to ensure the new rates are implemented, directed all Banks to post the new rates in the banking halls of their branches immediately.
“The CBN to sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc),” the apex bank said on Monday.
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“CBN directs banks to post new rates in the banking halls of their branches immediately. CBN examiners to visit banks to ensure the new rates are implemented.
“CBN prohibits banks from selling forex funds meant for invisibles to BDCs,” the statement added.