CBN Resumes Dollar Sales to Bureau de Change Operators
In a bid to address the persistent distortions in the foreign exchange market, the Central Bank of Nigeria (CBN) has ...
Tag: Exchange rate
Forex: FG Set to Delist Naira from P2P Crypto Platforms
The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms ...
Customs FX Rate for Import Duties Soars to N1,441.53/$
The exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from ...
Nigeria Customs Reduces Exchange Rate for Import Duties to N1,147/$
The Nigeria Customs Service (NCS) has reduced the exchange rate for import duties collection from N1238.1 to the dollar to ...
Oil Marketers Urge Tinubu to Peg Naira-Dollar Exchange Rate at N750
Oil marketers under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, have pleaded with President ...
CBN Removes Exchange Rate Cap for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted ...
Customs to Use Official CBN Rates for Clearing of Goods at Ports
The Comptroller General of the Nigeria Customs Service, Mr Bashir Adeniyi has stated that the service will use the exchange ...
How Naira devaluation forced Importers to abandon Thousands of “Tokunbo” Vehicles at Seaport – Customs
Importers have left thousands of fairly used vehicles abandoned at the seaport due to the ongoing fluctuations in the Naira ...
NNPCL secures $3bn Loan from Afreximbank to stabilise Naira
The Nigerian National Petroleum Company Limited (NNPCL) has secured a $3 billion Emergency Crude Repayment Loan from African Export-Import Bank ...
Naira plunges to N900 Per Dollar on Tuesday
As the demand for foreign currency outstripped supply, the naira plunged to a record low of N900/$1 on the parallel ...
