*For PTA, BTA, tuition, medical Fees
27 March 2017, Sweetcrude, Lagos — The Central Bank of Nigeria, CBN, has instructed all banks to immediately begin the sale of forex for BTA, PTA, Tuition and Medical fees to customers at N360 per dollar.
The CBN also disclosed that it will sell to banks at 357 Naira per dollar.
Meanwhile, the commercial banks are expected to post the new rates in the banking halls of their branches immediately.
The CBN will also send examiners to banks to ensure the new rates are implemented. Banks are prohibited from selling FX funds meant for these invisible items to Bureau de changes.