Nigeria’s Initiative to Sell Crude Oil to Local Refiners Shows Positive Results
He commended the efforts of the implementation committee and various stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority ...
Tag: FX
CBN Sells $122.67m to 46 Authorized Dealers to Stabilize FX Market
The CBN sold a total of $122,671,000 to 46 authorized dealers to promote stability and reduce volatility in the foreign ...
Nigeria’s FX Reserves Decline by Over $2bn in One Month, Hits Lowest in 6 Years
Nigeria's FX reserves plummet by $2.16 billion in 29 days, reaching $32.29 billion on April 15 amid CBN interventions Reserve ...
Only Increased Exports Will End Scramble For Dollars – LCCI President
LCCI President Gabriel Idahosa highlights the importance of increasing exports to strengthen the value of the naira Idahosa stresses the ...
MTN in talks with NCC to increase tariff
Mupita made this known while speaking on three broad areas the company is working on to limit the impact of ...
Use official FX rate for import duty, CBN tells Customs
The CBN emphasized that the FX rate at the importation stage should be applied for assessing import duty until the ...
Tinubu’s government targets $10bn to increase FX liquidity and stabilize Naira
Tinubu envisions generating millions of jobs by leveraging Nigeria's extensive public assets to double the nation's Gross Domestic Product (GDP) ...
Dollar Hits N1,600 At Parallel Market
The naira plummeted to N1,600 to the dollar on the parallel market, exacerbating Nigeria's foreign exchange crisis and inflation Despite ...
Naira Has Developed Stroke Against Dollar – Accountant
Dr. Gbenga Adeoye likened the plight of the Nigerian naira to a stroke, warning that without addressing corruption, it remains ...
CBN Disburses $61.4 Million to Foreign Airlines to Clear FX Backlog
The Central Bank of Nigeria (CBN) disbursed approximately $61.64 million to foreign airlines, addressing the backlog of matured foreign exchange ...
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