dollarsThe Central Bank of Nigeria has issued a statement that it disbursed the total sum of $355.74m for raw materials import in the month of October.

The CBN said the disbursement was for 7,792 requests it received for raw materials and spare parts sourcing.

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The amount was about 40.99% of the total $867.83m that the apex bank disbursed as special interbank foreign exchange package in the month of October.

A breakdown of the figure shows that the highest percentage went for school fees medicals and other invisibles.

Petroleum industries got $150m while the manufacturing sector got $91m.

CBN Director, Corporate Communications Department, Isaac Okoroafor said the disbursement was in continuation of the apex bank’s resolve to ease foreign exchange pressures on manufacturers.