Customs exchange rate changesThe Nigeria Customs Service (NCS) exchange rate for import duties dropped due to the performance ...

The CBN has reduced the Customs exchange rate used by importers to apply to clear goods at portsThe new exchange rate ...

States should insist on being paid at market rates. The excess cash ... The problem of our foreign exchange situation is lack of sufficient supply. The CBN does not print dollars and the one ...

The Nigerian currency, the naira, has continued its rally against the dollar into the weekend and Sallah holidays.

Until recently, CBN operated a multiple exchange rate/managed float regime. As noted by Professor Mike I. Obadan, a member of the CBN Monetary Policy Committee, MPC, the choice of exchange rate ...

The Central Bank of Nigeria (CBN) yesterday unified all exchange rates within the economy into the Investors and Exporters (I&E) window. In a circular to authorised dealers signed by CBN Director ...

The global rating agency, Moody’s Investors recently upgraded Nigeria’s Issuer ratings from ‘Caa1 to B3. Moody’s hinged its ...

The Central Bank of Nigeria (CBN), deploying various reform measures, has curtailed the once-wide gap between the official and parallel market rates, curbed speculative arbitrage in the nation’s ...

The Centre for Economic Growth and Monetary Reforms (CEGMR) has applauded the Central Bank of Nigeria (CBN) for its ...

The naira appreciated to N1,610 per US dollar in the parallel market on Monday, marking a notable gain from Friday’s ...

When President Bola Tinubu appointed Olayemi Cardoso as Governor of the Central Bank of Nigeria (CBN) in September 2023, he ...