He said the invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among others, received an allocation of $55 million.
The releases were aimed at boosting liquidity, trade and ease of remittances for legitimate personal commitments.
The CBN was quite pleased with the rate of N360/$1, and the continued intervention by the apex bank in the inter-bank forex market had largely checked unwholesome activities of currency speculators. However, CBN would not relent in its monitoring of the market activities to ensure that authorised dealers abide by the extant rules.
