Tag: US Dollar
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Nigeria achieves 55% increase in oil earnings for 2018 – NEITI
NEITI has announced that Nigeria earned a total of $32.63 billion from the oil and gas sector in 2018.
Nigerian banks broadly positive after Naira devaluation
The CBN recently adjusted the rate in the Investors and Exporters Foreign exchange window to N380/USD from the N364 to N370.
Nigerian Banks reduce dollar spending limits as forex scarcity rises
Many Nigerian banks are reducing how much foreign currency customers can spend abroad as concerns over the impact of the COVID-19 pandemic and drop in crude oil prices worsens Nigeria’s currency situation.
PWC Chief Economist profers solution to help self-employed, informal sector amidst Coronavirus
The Chief Economist of PWC, Andrew Nevin, has the Nigerian government needs to look beyond offering tax relief to businesses in the country and consider measures taken by the likes of the United States and United Kingdom.
CBN temporarily suspends cheque clearing during Coronavirus lockdown
The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian Interbank Settlement System (NIBSS) are to suspend the clearing of all cheque instruments in the Nigerian Clearing System, starting from today March 31st, 2020.