CBN to Banks, Forex Dealers: Accept Old, Small US Dollar Bills or Face Sanctions
The Central Bank of Nigeria has warned Deposit Money Banks to stop rejecting old and small denominations of the United ...
Tag: Foreign exchange
AITE Chairman Raises Concerns Over Emirates Airlines’ Return, Warns of Potential Forex Drain
…Calls for bilateral agreement review Following the disclosure that Emirates Airlines would re-commence operations to Nigeria on October 1, Chairman ...
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 ...
Devaluation of Forex Contributes to Rising Cost of Drugs in Nigeria- Health Minister
The Coordinating Minister of Health and Social Welfare, Muhammad Pate, has attributed the devaluation of the foreign exchange to the ...
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 ...
Cardoso Calls for Moderation in Demand for Forex
The Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We ...
$2.4 Billion FX Backlog Not Valid – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog ...
CBN Approves 43% Increase in Import Duty Rate, Raising Concerns over Economic Impact
The Central Bank of Nigeria, CBN, has approved an increase in the import duty rate by 43 percent. Recall that ...
