Tag
CBN
The Naira experienced a decline against the US Dollar in the official market, closing the week at N1,537.96/$1, amidst persistent demand pressures that continued to undermine the currency's value.
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official market.
In a decisive move to address the impact of global inflation and enhance the efficiency of foreign exchange utilisation in Nigeria, the Central Bank of Nigeria (CBN) has significantly revised the allowable deviation limits for the Price Verification System (PVS) used in monitoring the pricing of exports and imports.
The Central Bank of Nigeria (CBN) has announced a significant policy change, directing all authorised dealer banks to cease the payout of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) in cash.
The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of their forex proceeds to their parent company abroad.
The Federal Inland Revenue Service (FIRS) plans to meet with the Central Bank of Nigeria (CBN) and Ministry of Works this Friday to review about N2.59 trillion tax credit scheme meant for road repairs and construction in the country.
The Central Bank of Nigeria (CBN) has raised the exchange rate for the clearance of goods from N1444.56/$ to N1515.09 against the USD, marking an increase of N70.53 compared to the prior rate.
A former Secretary of the Government of the Federation, Boss Mustapha, has hinted that the $6.2 million was withdrawn from the Central Bank of Nigeria (CBN) on February 8, 2023, using forged document.
President Bola Tinubu on Tuesday forwarded a list of names to the Senate for the screening and confirmation of five individuals nominated as directors of the Central Bank of Nigeria (CBN) board.
Vice President Kashim Shettima has said that the federal government is working to create about 5 to 10 million jobs in the agricultural sector to tackle food inflation in the country.
In a concerning forecast by the International Monetary Fund (IMF), Nigeria's foreign reserve is expected to see a significant reduction, falling to $24 billion in the year 2024.
My current intervention on the abysmal performance of our dear Naira, drew strength from the above, Late Sir Henry Boyo, Nigerian foremost Economist and Monetarist quote.