The latest returns on forex utilisation for FirstBank Nigeria Limited
have shown that the bank was allocated $13,745,768.19 by the Central
Bank of Nigeria (CBN) last week.
<br/><br/><br/>
The returns published on Monday showed that FirstBank sold the
greenback to 678 customers.
<br/><br/><br/>
FirstBank's biggest customers, according to the returns dated May 19,
were Dangote Cement Plc, which got $2 million for the importation of
machinery for its cement plants; Gulf Treasures Limited, which
purchased $1 million from the bank for the importation of gasoline;
and Kam Industries Nigeria Limited, which got $1 million also.
<br/><br/><br/>
The bulk of the forex it sold was for the payment of school fees abroad.
have shown that the bank was allocated $13,745,768.19 by the Central
Bank of Nigeria (CBN) last week.
<br/><br/><br/>
The returns published on Monday showed that FirstBank sold the
greenback to 678 customers.
<br/><br/><br/>
FirstBank's biggest customers, according to the returns dated May 19,
were Dangote Cement Plc, which got $2 million for the importation of
machinery for its cement plants; Gulf Treasures Limited, which
purchased $1 million from the bank for the importation of gasoline;
and Kam Industries Nigeria Limited, which got $1 million also.
<br/><br/><br/>
The bulk of the forex it sold was for the payment of school fees abroad.
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