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…
The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers from…
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that the country recorded a total foreign…
The Governor of the Central Bank, Yemi Cardoso, stated that the country has already experienced the worst of naira volatility…
Dr. Adamu Abdullahi, Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has disclosed that Multichoice…
Financial expert and head of investment and research at Meristem Securities Limited, Praise Ihensekhien, has advised the federal government to…
The Central Bank Governor, Godwin Emefiele has established that Nigeria’s import of petroleum products using 30% of its forex can…
Redeveloped National Theatre ready next year The Bankers’ Committee, yesterday, warned against abuse of the new foreign exchange (FX) sale,…