Currency

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following… Read More

2 days ago

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Prof. Kingsley Moghalu, has urged the Nigerian government to focus on dealing with real issues affecting production in the country… Read More

2 days ago

Naira Ends Week With 9% Depreciation, Exchanges N1,169/$1 At Official Market

The Nigerian currency, the Naira, ended the week with a 9.1 per cent depreciation at the official segment of the… Read More

2 weeks ago

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Nigeria's local currency, the naira, has continued to sustain its appreciation, ending the week on a positive note as it… Read More

3 weeks ago

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

A financial analyst and educator, Kalu Ajah, has highlighted the implications of forex sales to Bureau de Change (BDC) operators… Read More

3 weeks ago

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

The Central Bank of Nigeria (CBN) has tightened regulations surrounding loan collaterals, specifically targeting the use of foreign currencies. Read More

3 weeks ago

CBN Releases Another Round Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

In its relentless push to stabilise naira in the foreign exchange market, the Central Bank of Nigeria (CBN), has announced… Read More

3 weeks ago

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Zimbabwe has taken a step towards stabilizing its currency woes by announcing the launch of a new currency called ZiG.… Read More

4 weeks ago

Naira Sustains Trading Below N1,300/$1 For Second Day In Months

The Nigerian Naira has continued appreciation, trading below N1,300/$1 for the second day after months at both official and parallel… Read More

4 weeks ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Naira on Wednesday, 27 March 2024 recorded further gains as the exchange rate against dollar dropped to N1,300/$1 at the… Read More

1 month ago

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