Naira gains N10 against $1 at parallel market, as forex turnover increases by 59…


Nigerian banks are texting their customers about the availability of forex for personal travels. A series of text messages monitored by Nairametrics show commercial banks informing their customers that they can now purchase forex.

A text from a commercial bank read’ “Dear Client, purchase USD for eligible invisibles (Tuition fees, Upkeep, Medical Payments, Travel Allowances, etc) and SME transactions at our branches.”