Nigeria foreign exchange market

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

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in one month.

Victor Ezeja

2 weeks ago

Naira’s Winning-streak Continues As Value Rises To N1,382/$1 At Official Market

Business·Currency·Finance & Economy

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 marches closer to below ₦1,000 mark in both parallel and official windows

Victor Ezeja

3 weeks ago

Business·Latest News

Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further

The Nigeria Customs exchange rate for calculating import duty at the nation’s ports has decreased further by 3 per cent on the back of continuous appreciation of the naira in the foreign

Victor Ezeja

1 month ago

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

Business·Currency

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

The Nigerian local currency, the naira, has dropped again to ₦1,602.43/$1 after three consecutive days of trading below the ₦1,600/$1 mark in the official foreign exchange market window. According to data published

Victor Ezeja

2 months ago

Business·Latest News

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

As the Central Bank of Nigeria (CBN) continues with its reforms of the foreign exchange market, it has reduced the number of Bureau De Change (BDC) operators to almost what it was

Victor Ezeja

2 months ago

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs Not Yet Time For Celebration - Expert

Business·Currency·Latest News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

Victor Ezeja

2 months ago

Business

Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors

Minister of Budget and Economic Planning, Atiku Bugudu, has assured investors that the exchange rate will soon stabilise following the president and Central Bank of Nigeria's economic reforms.

Emmanuel Ochayi

4 months ago

Business·Latest News

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the country is expecting an inflow of $10bn in Foreign Exchange in the coming weeks. He stated

Abigail Erhiagboje

6 months ago

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

Business·Currency

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Forex Market witnessed a surge in turnover, totaling $53.02 million, following the Central Bank of Nigeria's decision to lift the ban on 43 items.

Emmanuel Ochayi

7 months ago

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy

Victor Ezeja

8 months ago

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Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

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

Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

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