Nigerians import fewer goods in Q1 2024 over duty fluctuations
The Nigeria Customs Service (NCS) has recorded a decline of 15,999 (about 5%) in the volume of Single Goods Declarations ...
Tag: CBN
Customs says CBN-approved forex rates for import duty has caused disruptions
The Nigeria Customs Service revealed that the service encountered major challenges with the fluctuations of the CBN exchange rate regime ...
Customs FX rate for import duties rises to N1,330/$, higher than official market rate
The current exchange rate for customs import duties and cargo clearance payment is higher than the official foreign exchange market ...
DMO to issue April 2024 Savings Bonds at 18.046%Â Â
The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching ...
Naira defence to cost CBN N1.01 trillion in interest rates from Q1 NTB auctionsÂ
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest ...
Bank recapitalisation: up to N4 trillion of inflow expected to meet new requirement – Agusto & Co
Credit ratings agency, Agusto and Co have projected that up to N4 trillion of inflow is expected by banks to ...
Naira puts strong dollar in check, settles at N1255/$
The naira defied the strong dollar despite positive macros from the world's largest economy's manufacturing data report that it grew ...
CBN’s timeline for banks’ recapitlisation will ensure minimum disruptions in financial system – CPPE
It is necessary to allow for inclusion and reduce the risk of dominance of the banking space by a few ...
FG’s subsidy reforms, not money supply growth, driving core inflation in Nigeria – Study
The federal government's subsidy reforms, rather than the expansion of money supply, are a major driver behind the persistent core ...
The CBN new minimum capital requirement for Nigerian Banks: The good, the bad, and the downright ugly
The announcement of N500bn capital requirement for banks with international authorization, N200bn for National banks, and N50bn each for regional ...
