Monday, June 1, 2020
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JAIZ Bank Boosts SMEs With FOREX Sales

 By Tony Obiechina, Abuja 
Amidst the Coronavirus pandemic, Jaiz Bank Plc, has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open up businesses and boost the economy.

The nation’s premier non-interest banking institution said in a statement in Abuja on Thursday, that foreign exchange transactions were also available to parents to pay their children’s school fees and medical bills.

Other areas include Personal Travel Allowances (PTA) and Business Travel Allowances (BTA) amongst others.

According to the bank, SMES importers could get up to $20,000 per quarter, however, items of importation must not fall under those prohibited list, as directed by the Central Bank of Nigeria (CBN).
The statement reads in part: “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.

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