Finance Minister Wale Edun Stands Firm on Economic Reforms in Forex, Oil Sectors
Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, reaffirmed the government’s commitment to its ambitious reforms in the […]
Forex
CBN Introduces EFEMS to Boost FX Market Governance and Transparency
Nigeria’s Central Bank Introduces Electronic Foreign Exchange Matching System to Boost Transparency and Market Efficiency The Central Bank of Nigeria
CBN Sells $20,000 to Bureau De Change Operators at N1,590/$ Rate
Nigeria’s Central Bank Injects $20,000 into Foreign Exchange Market The Central Bank of Nigeria (CBN) has announced a move to
TUC Demands Special Forex Rate for NNPC to Crash Petrol Prices
Nigeria’s Trade Union Congress Calls for Special Forex Rate to Reduce Fuel Prices The Trade Union Congress (TUC) in Nigeria
Nigeria’s Letter of Credit Payments Plummet 57% in 7 Months
Nigeria’s Letter of Credit Payments Plummet by 57% in First Seven Months of 2024 The Central Bank of Nigeria (CBN)
Nigerian Banks Urged to Pay Windfall Tax on Forex Gains
Nigerian Banks Urged to Rein in Excess Spending Amid Windfall Tax Demand A leading figure in Nigeria’s banking industry, Femi
Naira Gains 21.9% Against US Dollar in One Month, Hits N1251.05 – FMDQ Data
In the past month, the Nigerian Naira has seen a significant appreciation against the US Dollar, with the exchange rate
Naira Continues Appreciation Against US Dollar, Hits N1,278.58 Per USD
The Nigerian currency, the naira, has shown signs of strength against the US dollar in recent days, both in official
Naira Appreciation Due to CBN FX Intervention, Unsustainable Without Reserves
Financial analyst Kalu Aja has attributed the recent appreciation of the Naira in the foreign exchange market to interventions by
Nigerian Banks Require Three-Year Tax Clearance Certificate for Forex Transactions
In a recent development in Nigeria, banks are now requiring customers to provide a three-year tax clearance certificate when seeking