Forex

Presently, the Chairman of Federal Inland Revenue Service (FIRS), Zacch Adedeji, said the N2.59trillion Tax Credit Scheme introduced by former President Muhammadu Buhari’s administration for road construction across the country was illegal…

Presently Naira has gained against the dollar on Friday, 26th January 2024 at the official market but closed flat at the black market. It was gathered that the domestic currency appreciated 1.02% to close at N891.90 to a dollar…

Following the investigations on the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, the Operatives of the Economic and Financial Crimes Commission (EFCC) on Thursday, has today Thursday visited the Lagos Head Office of the…

The Central Bank of Nigeria (CBN), on Thursday, October 12, 2023, announced, among other policy issues, the lifting of foreign exchange restrictions hitherto placed on the importation of 43 items.  1. Why was there a restriction? On…

Press Release The Central Bank of Nigeria (CBN) has today restate commitment to boost liquidity in FOREX Market 1. The Central Bank of Nigeria (CBN) will continue to promote orderliness and professional conduct by…

Montgomery expressed confidence that the reforms of the new administrations in Nigeria will help place the country on a greater path. The British High Commissioner to Nigeria, Richard Montgomery says ministers and businesses in…

Oil marketers have intensified efforts to import petrol into the country, following the liberalisation of foreign exchange rates by the Central Bank of Nigeria, CBN The prevalence of multiple foreign exchange rates and other…

The naira has rebounded by 20.8 per cent to 720/dollar at the parallel market, findings by The PUNCH have shown. The development came two weeks after the local currency came under severe pressure at the black market, following the…

Foreign currency dealers have complained to the Inspector-General of Police, Usman Baba, about their ordeals in the hands of operatives of the Economic and Financial Crimes Commission following the arrest of some of them. The dealers…

The Economic and Financial Crimes Commission on Tuesday carried out simultaneous operations against Bureau de Change operators in Abuja and Kano, as the Naira slumped to N857 to a dollar at the parallel market. It was gathered that the…