News Forex gain adds N1.37tn to government revenue – FAAC Alagbe Shenayon Dec 23, 2023 The convergence of the country's exchange rate led to a substantial rise in revenue from foreign exchange differentials, reaching…
Business Tinubu will sign executive order to retrieve billions of forex with… Oluwadamilare Emmanuel Dec 13, 2023 The federal government on Tuesday said it would target foreign exchange outside the banking sector to address the liquidity…
News Customs increases forex rate for tariffs, duties Oluwadamilare Emmanuel Nov 13, 2023 The Nigerian Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties. The new rates were…
Business CBN commences clearing FX backlogs to banks Oluwadamilare Emmanuel Nov 3, 2023 Spokesperson for the Central Bank of Nigeria (CBN) Isah Abdulmumin on Thursday confirmed that the apex bank has initiated…
Business How we’ll improve forex liquidity, restore market confidence –… Oluwadamilare Emmanuel Oct 23, 2023 The President Bola Tinubu-led Federal Government says his administration is taking steps to improve foreign exchange liquidity and…
News CBN lifts Forex ban on 43 items, to intervene in FX Market Toyibat Ajose Oct 13, 2023 The Central Bank of Nigeria (CBN) has lifted the currency embargo on 43 products and promised to intervene in the foreign exchange…
News CBN halts Banks from spending Forex revaluation gains Toyibat Ajose Sep 12, 2023 The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to stop using foreign exchange revaluation gains for…
News CBN issues new guidelines for BDC Forex sales two years after ban Toyibat Ajose Aug 19, 2023 The Central Bank of Nigeria (CBN) issued a new set of operational guidelines for forex sales by Bureau de Change (BDC) operators…
Business JUST IN: NNPC secures $3bn loan to ‘support’ naira, stabilise… Oluwadamilare Emmanuel Aug 16, 2023 The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and…
Business Naira drops further against Dollar, inches towards N1000/$1 Oluwadamilare Emmanuel Aug 11, 2023 The Naira continued its depreciation against the United States dollar on Thursday, at both the official and unofficial (black)…