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Nigeria’s foreign exchange (FX) earnings suffered a sharp decline following the impact of COVID-19.
This has forced the CBN to seek ways of improving the country’s FX earnings through diaspora remittances.
In March, TheCable reported that CBN authorised a
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IMTOs accept cash for the purpose of transmitting to persons resident in Nigeria or another country. They also carry out cross-border transfer services for personal purposes such as money transfer services towards family maintenance and money transfer services for foreign tourists visiting Nigeria.
The CBN had announced that
beneficiaries of diaspora remittances through the IMTOs will have such inflows in foreign currency (US dollar) through the designated bank of their choice.
Market wrap; all the leasing and sales activity in and around Sydney
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Marrickville
Athletes Nutrition has leased a 154 sq m industrial unit with a cooking facility and mezzanine office for a prepared meal delivery business at Unit 12/80 Edinburgh Road from Halbherr and Li for $377 per sq m. The lease term is three years.
John Skufris, Ray White Commercial South Sydney, negotiated the lease.
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The Sydney Art Store Pty Ltd has leased a 250 sq m Industrial at 10 Tenterden Road from MGJ Pty Ltd for $240 per sq m gross. The lease term is three years. Marino Rodriguez, Taylor Nicholas South Sydney, negotiated the lease.