CBN Slashes Customs Exchange Rate to 8-Week Low, Reflecting Naira’s Appreciation
The Central Bank of Nigeria (CBN) has made a significant move by reducing the exchange rate for customs import duties...
Business
Nigerian Economy Sees $1.5 Billion Boost Following CBN’s Aggressive Interest Rate Hike
Following a bold move by the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) by 200...
New Economic Councils Formed to Tackle Nigeria’s Economic Challenges and to Boost Nigeria’s Economic Governance
President Bola Tinubu has approved the establishment of two key economic councils aimed at addressing Nigeria's current economic challenges. The...
CBN’s Bold Moves Result in Marked Improvement for Naira Against Dollar
The Nigerian currency, the naira, has been on an upward trajectory against the dollar, evidenced by the fifth reduction in...
CBN Resumes Dollar Sales to BDCs Amidst Market Liquidity Drive
The Central Bank of Nigeria (CBN) has taken a significant step towards enhancing liquidity in the retail segment of the...
Economic Concerns Rise as Monetary Policy Committee Considers Interest Rate Hike
The Central Bank of Nigeria's Monetary Policy Committee (MPC) is set to convene for its 294th meeting today, amidst growing...
FIRS Files Criminal Charges Against Binance for Tax Evasion and Financial Misconduct
Nigeria's tax agency, the Federal Inland Revenue Service (FIRS), has taken legal action against Binance, a prominent cryptocurrency exchange platform,...
Nigeria Customs Scraps 25% Fine for Vehicle Import Violations Following Finance Minister’s Directive
The Nigeria Customs Service (NCS) has announced a significant shift in policy regarding the importation of vehicles, effectively abolishing the...
NNPC Gears Up for Public Listing, Anticipates Share Divestment
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has announced that the company's...
Foreign Airlines Challenge CBN’s Claim of Settling Forex Backlog, Alleging $700 Million Still Trapped
Foreign airlines operating in Nigeria have raised objections to the Central Bank of Nigeria's (CBN) announcement that it has cleared...
