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 ...
Tag: FOREX
90% of Trapped Funds Not Cleared – Foreign Airlines in Nigeria
..."We buy Forex like smugglers" As stakeholders in the business landscape express relief over the intervention by the Central Bank ...
Nigeria is expecting $10 billion of Forex inflows in Weeks – Edun reveals
The Minister of Finance and coordinating of the economy, Mr Wale Edun has stated that around $10 billion of forex ...
Nigerian Manufacturers, Consumers seek alternatives to Forex Scarcity
As cost of imported goods and services rise over persistent forex scarcity, manufacturers and consumers are reviewing import and purchasing options. ...
CBN issues warnings to IMTOs in Nigeria for selling Forex higher than 2.5%
...specifies consequences for non-compliance The Central Bank of Nigeria (CBN), in a significant development aimed at stopping forex arbitrage, has ...
Forex Market: Increase minimum capital from N35m to N350m, BDC Operators urge CBN
The Central Bank of Nigeria (CBN) has been asked by the Association of Bureau De Change Operators of Nigeria (ABCON) ...
CBN partners with Banks to clear $10b FX Backlog in Two Weeks
The Central Bank of Nigeria has announced that it is now working with Commercial banks in the country to clear ...
How FX Shortage, Naira Devaluation is affecting Construction Sector in Nigeria – Surveyors
The Nigerian Institute of Quantity Surveyors has disclosed that the construction industry is struggling with material shortages, caused by naira ...
Forex: CBN unveils New Terms for BDC Operations Across Nigeria
...BDC must submit periodic financial report As part of efforts to improve the operations of the Bureau De Change (BDC) ...
Naira appreciates to N745/$1 at the black market on 27th January 2023
Naira strengthened against the US dollar at the black market on Friday, 27th January 2023 to trade at an average ...
