October 19, 2018

Latest Updates

First Bank Gets Forex Allocation

First Bank Gets Forex Allocation

The latest returns on forex utilisation for FirstBank Nigeria Limited have shown that the bank was allocated $13,745,768.19 by the Central Bank of Nigeria (CBN) last week.

FirstBank’s biggest customers, according to the returns dated May 19, were Dangote Cement Plc, which got $2 million for the importation of machinery for its cement plants; Gulf Treasures Limited, which purchased $1 million from the bank for the importation of gasoline; and Kam Industries Nigeria Limited, which got $1 million also.
The bulk of the forex it sold was for the payment of school fees abroad. Read more

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *