CBN - Central Bank Of Nigeria
Nigerian currency's poor performance against other foreign currencies continued in the official and unofficial foreign exchange markets against the dollar, others.
The Central Bank of Nigeria has announced a new Customs duty exchange rate for cargo clearances at Nigeria's ports as naira appreciates in the official market.
Nigerian businesses expect the naira to weaken between now and December, but to strengthen the following year, according to a Central Bank of Nigeria (CBN) analysis.
The Nigerian currency, the naira, came back against the dollar in the official market after the CBN announced a record remittance inflows into the Nigerian economy.
FCMB Group Plc held a Facts Behind the Offer session recently at the Nigerian Exchange as part of its recapitalization drive aimed at raising N110.9billion.
The Nigerian currency has depreciated against the US dollar in both the official and unofficial foreign exchange markets, leaving CBN with more headaches.
SEC said it plans to license providers of virtual assets to take advantage of opportunities and protect investors as interest in cryptocurrencies rises in Nigeria.
The Nigerian government has proposed a 70% tax on foreign exchange earnings by commercial banks in Nigeria following the devaluation of the naira.
The has announced a surge in remittance inflows, which climbed to $553 million in July 2024, marking a 130% increase compared to the same period in 2023.
CBN - Central Bank Of Nigeria
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