Nigeria’s Central Bank Governor (CBN), Lamido Sanusi, said the CBN would immediately liberalize its foreign exchange (Forex) market, lifting restrictions imposed earlier this year. This relaxation of restrictions on foreign exchange trading comes after the recent stabilization of the local currency, the Nigerian naira, and recovery in oil prices, which have boosted Nigeria’s foreign currency reserves.
“All other restrictions imposed recently are removed,” Lamido Sanusi said today at a briefing in the capital, Abuja. The move frees the country’s banks to resume dealing in foreign currencies among themselves and on behalf of their customers, as was the practice before the restrictions were imposed.
Nigeria banned interbank foreign currency trading on February 9. The lenders were ordered to sell foreign currencies only to the CBN in a bid to stem the depreciation of the naira. The naira was not allowed to rise or fall by more than 3% against a target exchange rate.
The naira had fallen about 20% between November 26 and early February, as the government let it weaken rather than run down foreign reserves. Nigeria’s reserves stood at $43.2 billion on July 3, according to data on the CBN’s website, compared with about $62 billion in October last year.
Crude oil, which accounts for 90% of Nigeria’s export earnings, sold for $64.89 a barrel today, up from as low as $32.40 in December, boosting Nigeria’s ability to defend the naira.
One dollar sold for 153 naira today, according to Adamu Hadejia, a street currency trader in Abuja, versus the central bank rate of 146.70 naira per dollar, according to a recent Citibank note. One dollar was sold for as much as 185 naira in February.
#1 by DESISLAVA TSVETANOVA IVANOVA on July 16th, 2010
| Quote
Attn: Beneficiary,
NOTIFICATION FOR RELEASE OF $16.2MILLION.
This letter is written to you in order to change your life from today. I
am Prof. Sanusi Lamido
Sanusi the executive Governor Central Bank of Nigeria/ MD/CEO,
international remittance department,and all power has been
vested on me to make all international over due payment.Furthermore due to
allegations of corrupt practices against other
Nigeria Banks, the Federal Government of Nigeria has appointed this bank
to effect all foreign overdue payment.
Be informed that the Federal Government have Approved the release of
$16.2Million which have been in this bank for many years
UNCLAIMED.The former boss of oceanic bank in collabration has refuse to
tell you the truth on how to claim your fund, this is because they has
been using the interest accumulated
from your fund every year to enrich themselves without your knowledge. I
want to help you PULL OUT this fund to your Bank
account today using the easiest and quickest method of bank to bank wire
transfer.
By this method a Domiciliary Account will be opened for you. A domiciliary
account is a secure account which we will open for
you in our Bank and Credit your payment of $8.5M for further credit into
your account, the essence of this Domiciliary
account is to secure and protect your payment from being diverted by
fraudulent people or making payment to a foreign account
which do not belong to you, the greatest advantage is that you can
instruct us to credit your nominated account bit by bit
with small amount thereby saving yourself from the emberrasment of
Financial Authority in your country who monitor large
transfer due to current trend of terrorist. Another beauty of the
domiciliary account is that you can retain the balance left
in your account in our Bank and can also instruct us to pay out money to
any bank of your choice in the world, or issue you
an ATM Card which you can use in any part of the world when in a business
trip.
I hope you now understand the advantages of a Domiciliary account and why
you need this account to receive your payment of
$16.2M now in our Bank. You are advice to forward as a matter of urgent
your as detailed below:
1. Direct telephone
2. Fax number:
3. Country of Origin:
4. contact address:
As we have started the process of opening the account for you. All that is
require of you is to Activate the newly opened
Domiciliary Account in line with Provisions of Section 2 Sub Section (2b)
of Banks and Financial Act of 2004 which state that
all Non Resident Account otherwise known as Domiciliary must be activated
to make the account operational, while Sub Section
(4b) do NOT permit any Bank official from making deduction from the
payment to be deposited in the domiciliary account, which
is $16.2Million in your own case.
NOTE: YOU MUST ACCEPT/ABIDE TO ALL INSTRUCTIONS GIVEN TO YOU ON THIS
MESSAGE BEFORE RESPONDING BACK.
Call me on +234-706-354-4880
begin_of_the_skype_highlighting +234-706-354-4880 end_of_the_skype_highlighting
begin_of_the_skype_highlighting +234-706-354-4880 end_of_the_skype_highlighting
so that I will give you more details about this as all is working for your
own good.
Yours faithfully
PROF. SANUSI LAMIDO SANUSI
CEO INTERNATIONAL REMITTANCE/ GOVERNOR.
CENTRAL BANK OF NIGERIA.
Is this true or a scam