Nigeria records $24bn FX inflow Q1 2024 — CBN
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the country recorded a total foreign exchange…
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Again, Customs adjusts FX rate for import duties
The Nigeria Customs Service (NCS) has reduced foreign exchange (FX) rate for tariffs and duties used by the Service to N1,480 per…
CBN links FX volatility to seasonal demands
he Central Bank of Nigeria (CBN) has blamed the foreign exchange market's instability on "seasonal demands".
CBN Governor…
CBN lifts FX restrictions on importation of milk, dairy products
The Central Bank of Nigeria (CBN) has removed the limitations on the importation of milk and dairy products.
On February 11,…
Official FX rate passes parallel market as Naira appreciates to N1,595/$
The naira yesterday appreciated to N1,595.11 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).
Meanwhile,…
CBN tells FX sellers of $10,000 and above to declare sources
The Central Bank of Nigeria (CBN) has announced that individuals selling foreign exchange to Bureau De Change (BDC) operators in…
Importers may shun our ports, Peter Obi tells FG to end Customs FX rates…
The 2023 presidential candidate of the Labour Party, Peter Obi, has called on the Federal Government to put an end to the…
Audit reveals $2.4bn of $7bn FX claims not valid — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, stated that the Deloitte audit uncovered that $2.4 billion,…
CBN introduces FX price verification system portal
The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable…