The importation of cars into Nigeria has declined significantly as rising inflation, foreign exchange volatility, and high import duties continue…
Browsing: FX
Renowned economist Taiwo Oyedele has identified illicit demand as the primary factor undermining Nigeria’s foreign exchange (FX) market. Speaking at…
Small and Medium Enterprises (SMEs) in Nigeria are grappling with stalled growth due to the ongoing foreign exchange (FX) crisis,…
Nigeria’s foreign exchange (FX) turnover has seen a sharp decline, dropping by 71% in recent weeks, amid worsening conditions for…
Nigerian Breweries Plc, the country’s largest brewer, has reported a significant increase in foreign exchange (FX) losses, reaching an all-time…
The Group CEO of FCMB Group, Ladi Balogun has stated that only about 10% of the bank’s foreign exchange gains…
Global tax and advisory service firm, KPMG Nigeria has criticised the 50% windfall tax on the bank’s foreign exchange revaluation…
The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX…
President Tinubu has asked the Senate to amend the 2023 Finance Act to impose a one-time windfall tax on the…
The Senate on Thursday rejected a bill seeking to amend the Foreign Exchange Act of 2004 to introduce provisions for…