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CBN Raises Customs Duty Rate By 11.1% As Naira Loses 12%

The Central Bank of Nigeria (CBN) has raised the exchange rate for paying Customs duties at the nation’s seaports by 11.1 percent in response to the crash in

Nigeria , Central-bank , Nigeria-customs-service , Nigeria-autonomous-foreign-exchange-market , Nigeria-customs ,

Naira Value Dips 12% In 4 Days As Turnover Rises

The value of the Naira continued to depreciate at the official end of the market, closing on Thursday at N1,309.88 to one dollar, a 12 per cent week to date

Nigeria , Bureau-de , Central-bank , Nigeria-autonomous-foreign-exchange-market , Bureau-de-change ,

CBN Spends $581m On FX Interventions – FMDQ

The Central Bank of Nigeria (CBN) has so far spent $581 million on foreign exchange interventions at the Nigeria Autonomous Foreign Exchange Market this year,

Nigeria , Washington , United-states , World-bank , District-of-columbia , Olayemi-cardoso , Securities-exchange , Central-bank , Spring-meetings-of-the-international-monetary-fund , Nigeria-autonomous-foreign-exchange-market , International-monetary-fund ,

FG Traces Fleeing Binance Executive To Kenya

The Nigerian Federal Government has successfully located a Binance executive who fled Nigeria, Nadeem Anjarwalla, in Kenya. This development has

Nigeria , Northern-ireland , Craigavon , United-kingdom , Abuja , Abuja-federal-capital-territory , United-states , Kenya , Kenyan , Nigerian , Ola-olukoyede , Nadeem-anjarwalla

CBN Policies Push Naira To N1,150/$ At Parallel Market

The appreciation of the naira on the streets is being driven by the policies of the Central Bank of Nigeria(CBN) which includes disbursing dollars to Bureau

Nigeria , Nigerian , Nigerian-autonomous-foreign-exchange , Bureau-de-change , International-money-transfer-operators-imtos , Nigeria-autonomous-foreign-exchange-market , Central-bank , Monetary-policy-rate , Willing-buyer , Willing-seller , Net-open-position

FG traces fleeing Binance executive to Kenya

The Federal Government has traced fleeing Binance executive, Nadeem Anjarwalla, to Kenya, following his escape from custody in Nigeria.

United-states , United-kingdom , Kenya , Northern-ireland , Craigavon , Nigeria , Abuja , Abuja-federal-capital-territory , Nigerian , Nigerians , Kenyan , Binance-tigran-gambaryan

"N1,117/$": Currency Dealers Suffer Massive Losses as CBN Pegs The Dollar at New Rates

Currency dealers are in a panic mood as the naira continues to gain against the US following the interventions of the Central Bank of Nigeria in the FX market.

Nigeria , Nigerian , Pascal-oparada , Adetona-adedeji , Nigerian-autonomous-foreign-exchange-market , Nigeria-autonomous-foreign-exchange-market , Central-bank , Bureau-de-change , Leaders-awards-present-entrepreneurs , Change-nigeria , Standby-letters , Federal-government

CBN Bans Use of Foreign Currency-denominated Collaterals for Naira Loans

CBN Bans Use of Foreign Currency-denominated Collaterals for Naira Loans
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Abuja , Abuja-federal-capital-territory , Nigeria , James-emejo , Wiliams-kanya , Exchange-department , Central-bank , Nigeria-autonomous-foreign-exchange-market , Nigerian-autonomous-foreign-exchange-market , Foreign-exchange , Bureau-de-change , Federal-government

KPMG: Monetary Tightening Policy Will Attract More FX Inflows, But Not Enough to Tame Inflation

KPMG: Monetary Tightening Policy Will Attract More FX Inflows, But Not Enough to Tame Inflation
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Nigeria , Lagos , Abuja , Abuja-federal-capital-territory , Nigerian , Emmanuel-addeh , Nigeria-autonomous-foreign-exchange-market , Lagos-business-school , Financial-derivatives-company-limited , Monetary-policy-committee , Central-bank , Says-naira

Speculators suffer heavy losses as naira approaches N1000/$

Speculators suffer heavy losses as naira approaches N1000/$
hallmarknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hallmarknews.com Daily Mail and Mail on Sunday newspapers.

Nigeria , Lagos-island , Lagos , Nigerian , Aminu-gwadabe , Okwudili-ijezie , Abdulahi-danjuma , Bureau-de-change-bdcs , Access-bank , Okwudili-ijezie-co , Governor-of-the-central-bank , International-money-transfer-operators-imtos