Jaiz bank sells forex to SMEs

By AdvocateNews on 25/05/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 2,338


Jaiz Bank Plc, has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open up businesses and boost the nation’s economy amidst the Covid-19 pandemic.

The bank noted that “while the pandemic is being fought with lockdown and economies are opening up, we are committed to providing services that would encourage small and medium sized businesses because we strongly believe they are the falcrum for economic growth and development.”

The bank in a statement issued yesterday said “that the foreign exchange transanctions is also available to parents to pay their medical bills, and their children’s school fees.

It will also sell forex for Personal Travel Allowances (PTA) and Business Travel Allowances (BTA) amongst others.

According to the bank, “SMES importers can get up to $20,000 per quarter, however, items of importation must not fall under those prohibited, as directed by the Central Bank of Nigeria (CBN).”

Posted 25/05/2020 07:15:55 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
IPOB’s sit-at-home order: Get cutlasses, defend yourselves or...

Man hacks neighbour to death over goat theft...

How sacked driver connived with gang to kidnap...

Nigeria records 626 new COVID-19 cases

Gunmen attack Osinbajo’s convoy in Ilorin

My greatest achievement as musician – Flavour

Atiku, Lawan, others mourn Abba Kyari

Cash crunch: States bleeding, in bad situation, says...

NLC, MAN, others reject electricity tariff hike

Bayelsa guber: Gov Diri reacts to Supreme Court...

25-year-old communal feud resolved in Enugu as Umuode,...

Container carrying 64 dead bodies apprehended in fresh...

 

Latest News EFCC Chairman uncovers ‘grand plan’ to tarnish his image Water project not for profit-making, says Bello’s wife Security operatives intercept bags containing foreign currencies at Kano Airport IMF says Nigeria’s economy ‘gradually’ recovering, expresses concerns over unemployment, inflation SEEDS OF DESTINY 18 JUNE 2021 – PRESERVED BY HIS POWER Ohanaeze, PANDEF demand review of polling units distribution Buhari visits Maiduguri, tells security agents not to give terrorists breathing space Nnamdi Kanu declared wanted, N100m bounty placed on him Wike slams APC on plot to regulate social media 73,000 Refugees, Asylum seekers from China, Palestine, Lebanon, 14 other Countries invade Nigeri N25.7bn fraud: Don’t jail me, ex-Bank PHB MD begs judge How ex-MD, financial officer defrauded Bank PHB N25.7bn – judge

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (116,716 views) Sickle cell support group seeks government intervention (107,550 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (107,548 views) Ebonyi bans embalming of corpses in homes (107,547 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (107,547 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (107,546 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (107,544 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (107,385 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (105,381 views) ASUU strike: Senate intervention ends in deadlock (103,892 views) All you need to know about Peter Obi, PDP VP Candidate (84,707 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (82,686 views)

 

 

SECTIONS FAITH (133) EDITORIAL (17) NEWS (5,665) POLITICS (486) SOCIETY (125) SPORTS (47) BUSINESS (355) HEALTH (53) EDUCATION (44) ENTERTAINMENT (38) INTERNATIONAL (158) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (3) OPINION (34)

 

 


There are no video entries posted yet.