There are fears that the new forex policy may cause a major setback in the medical sector.
The Central Bank of Nigeria (CBN), last week, directed commercial banks to pay for their dollar purchases at the official forex window 48 hours ahead of the bid date.
Under the policy, banks and other forex dealers are required to deposit the naira equivalent of the total forex bids to the apex bank 48 hours in advance. The lenders responded by transmitting same message to their customers, who must now fund their accounts 48 hours before the forex bid date. Besides, dollar deposits are being rejected.












































