The Central Bank of Nigeria (CBN) yesterday adjusted the foreign exchange (FX) rate on Customs import duties to N1,544.081 to a dollar, from N1,630.159 to a dollar, representing a 5.3 ...
According to recent reports, more multinational corporations and indigenous companies operating in the country risk more foreign exchange losses as rate volatility continues to pose a challenge to operations. From ...
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in all the banks except for five of them. Cardoso said ...
The naira experienced an increase in value in both the parallel and official markets, on the back of the recent hike in the MPR rate, crackdown on currency speculators, foreign ...
The Central Bank of Nigeria (CBN) yesterday announced a series of interventions to cushion the economy. This includes the resumption of the sale of dollars to Bureau de Change (BDC) ...
The naira yesterday again returned to gaining at the parallel market as it appreciated to N1,620/$1. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) deprecated closing yesterday at N1,615.94 signifying ...
Current reports indicate that the naira yesterday experienced a fall from its gaining streak in the parallel market as it slightly depreciated to N1,680/$1. However, the official Nigerian Autonomous Foreign ...
