The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold foreign currencies in their domiciliary accounts
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The Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) says duties collected by the Nigeria Customs Service (NCS) should be charged in naira and not dollars. Dele
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a decrease of 9.67 percent from
The Nigeria Customs Service (NCS) has adjusted the foreign exchange (FX) rate for its tariffs and duties to N1,246 per dollar. TheCable observed that the new rate reflected on the
The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira
Nigeria’s foreign exchange (FX) reserve dropped by $1.02 billion within 18 days. According to data from the Central Bank of
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reduce
The federal government has unveiled plans to launch a multipurpose national identity card. The identity solution is equipped with payment
KPMG Nigeria says the monetary tightening efforts by the Central Bank of Nigeria (CBN) might prevent banks from giving credit
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), TheCable can report. Findings by TheCable also
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