The Centre for the Promotion of Private Enterprise (CPPE) says frequent changes in customs duty FX rate are detrimental to the economy. On May 1, the...
The exchange rate charged by the Nigerian Customs Service (NCS) for cargo clearance and import duties collection has dropped significantly from N1,572.5/$ to N1,448.38 to the...
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a previous circular dated September 11, 2023....
A former spokesman of the Atiku-Okowa 2023 Presidential Campaign Council, Daniel Bwala, has suggested a radical approach President Bola Tinubu can use to smoke out speculators...
In response to the current challenges related to dollar shortages, and the need to rebuild Nigeria’s foreign exchange reserves, receivers of foreign currencies from their relatives...
As part of efforts to curb currency speculation and hoarding in the country, especially by banks, the Central Bank of Nigeria (CBN) has issued new...
Financial analysts have predicted a tale of contrasting outcomes for quoted companies based on their net foreign assets as the naira continued to depreciate against the...
Former Emir of Kano, Lamido Sanusi, says Nigerians should expect a positive outlook before the end of this year as the Central Bank of...
The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The Central Bank of Nigeria (CBN) on Thursday restored the 43 items prohibited from access to foreign exchange (FX). This was disclosed in a...
