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 ...
Tag: Exchange Rate
Official Exchange rate strengthens below N1,300/$1 for the first time since January
The exchange rate between the Naira and Dollar close at N1,278.58 on Tuesday April 2, 2024, the first trading on ...
Business owners report high prices limiting demand as Nigeria’s PMI remain unchanged in March- Report
The Nigeria’s Purchasing Managers’ Index (OMI) remained unchanged at 51.0 for the month of March, indicating no change from previous ...
Naira puts strong dollar in check, settles at N1255/$
The naira defied the strong dollar despite positive macros from the world's largest economy's manufacturing data report that it grew ...
Customs rate for import duties collection should be charged in Naira – NACCIMA President
The President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye has stated ...
Official exchange rate strengthens to N1,300/$1, best in 8 weeks
The exchange rate between the Naira and the Dollar closed at N1,300/$1 on Wednesday on the official NAFEM window, marking ...
Customs FX rate for cargo clearance drops by N124 to N1,448/$
The exchange rate charged by the Nigerian Customs Service (NCS) for cargo clearance and import duties collection has dropped significantly ...
Over subscription of FGN securities having a positive effect on exchange rate – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the oversubscription of recent FGN securities is ...
Nigeria’s debt servicing expense doubles to N7.8 trillion in 2023
Nigeria continues to grapple with dwindling revenue amidst rising fiscal expenditure, with debt servicing gulping a huge chunk of government ...
Naira gain against U.S dollar boosts Dangote’s wealth to $15.3 billion
Dangote's fortune had gone through a turbulent era before its current boom, which represents a substantial turnaround for the company.
