FX crisis plunges Nigeria’s non-oil exports to $4.5bn
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion…
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Forex
Forex gain adds N1.37tn to government revenue – FAAC
The convergence of the country's exchange rate led to a substantial rise in revenue from foreign exchange differentials, reaching…
Tinubu will sign executive order to retrieve billions of forex with…
The federal government on Tuesday said it would target foreign exchange outside the banking sector to address the liquidity…
Customs increases forex rate for tariffs, duties
The Nigerian Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties.
The new rates were…
CBN commences clearing FX backlogs to banks
Spokesperson for the Central Bank of Nigeria (CBN) Isah Abdulmumin on Thursday confirmed that the apex bank has initiated…
How we’ll improve forex liquidity, restore market confidence –…
The President Bola Tinubu-led Federal Government says his administration is taking steps to improve foreign exchange liquidity and…
CBN lifts Forex ban on 43 items, to intervene in FX Market
The Central Bank of Nigeria (CBN) has lifted the currency embargo on 43 products and promised to intervene in the foreign exchange…
CBN halts Banks from spending Forex revaluation gains
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to stop using foreign exchange revaluation gains for…
CBN issues new guidelines for BDC Forex sales two years after ban
The Central Bank of Nigeria (CBN) issued a new set of operational guidelines for forex sales by Bureau de Change (BDC) operators…
JUST IN: NNPC secures $3bn loan to ‘support’ naira, stabilise…
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and…