Foreign exchange Nigeria

Unstable Customs Duty Exchange Rate Weakens Investors’ Confidence In Nigeria’s Economy – Expert

As Nigeria Customs Service (NCS) continues to adjust rate for calculating import duty due to fluctuations in the foreign exchange… Read More

1 week ago

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs: It’s Not Yet Time For Celebration – Expert

The clearing of foreign exchange backlogs by the Central Bank of Nigeria (CBN) and the appreciation of the value of… Read More

2 months ago

CBN Raises Benchmark Interest Rate To 22.75%

he Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75… Read More

2 months ago

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum… Read More

3 months ago

Airlines Receive $62m Windfall As CBN Eases Forex Woes By Repaying Banks $2bn Debt

The Central Bank of Nigeria (CBN) has taken a stride in reducing its backlog by repaying $2 billion to Deposit… Read More

4 months ago

Fitch Retains Nigeria’s Credit Rating At B-, Predicts Inflation At Below 21%

Highlighting Nigeria’s major strengths as large economy, developed and liquid domestic debt market, and large oil and gas reserves, the… Read More

6 months ago

Naira Depreciates To N756/$ In I&E Window

In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The… Read More

7 months ago

Politicians’ Dollarization Of Corruption Puts High Pressure On FX – Expert

As Nigeria continues to experience foreign exchange (forex) crisis, leading to a steep depreciation of the naira, an economic expert… Read More

8 months ago

Gap Between Black Market, Official Window Dollar Rates Now N275.33

The gap between the foreign exchange rates for the Naira and the Dollar in the black market and the official window… Read More

12 months ago

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