Heritage Bank has resumed the sale of foreign exchange (forex) to small medium enterprises (SMEs) and parents wishing to pay school fees for their wards.
This followed the resumption of the provision of over $100 million per week to all commercial banks by the Central Bank of Nigeria (CBN).
The sale of FX to SMEs is to enable busines owners to make essential imports needed to revamp economic activities across the country, which was locked down for over a month.
Also, as part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100 billion set aside by the CBN.
This followed the resumption of the provision of over $100 million per week to all commercial banks by the Central Bank of Nigeria (CBN).
The sale of FX to SMEs is to enable busines owners to make essential imports needed to revamp economic activities across the country, which was locked down for over a month.
Also, as part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100 billion set aside by the CBN.