News at the speed of light
In the first quarter of 2024, Nigeria experienced a significant downturn in Point-of-Sale (POS) transactions, with transaction values dropping by N225.73 billion compared to the same period in…
The Federal Government is poised to attract approximately $10 billion in investments following the endorsement of consolidated guidelines for implementing fiscal incentives in the Oil & Gas Sector.…
The Nigerian naira experienced a notable decline in the Nigerian Foreign Exchange Market (NAFEM), depreciating to N1,300.15 per dollar, surpassing the rate in the parallel market by N45.15.…
The Chartered Institute of Bankers of Nigeria (CIBN) has thrown its support behind the ongoing recapitalization in the banking sector, asserting that it will enhance banks’ capacity to…
The Nigerian Naira saw significant appreciation against the dollar yesterday, recording a substantial gain in the parallel market. The exchange rate improved from N1,230 per dollar last weekend…
The Nigerian Naira has shown remarkable appreciation against the US dollar, fueled by the effective fiscal and monetary policies under President Bola Tinubu’s leadership. Recent trading figures from…
The Nigerian Customs Service (NCS) has witnessed a significant adjustment in the foreign exchange rate for cargo clearance, with the rate decreasing to N1260.49/$ from the previous N1330/$.…
In a striking shift within the West African trading corridors, the Nigerian Naira has faced unprecedented setbacks, losing its grip as the preferred medium of exchange among trans-border…
The Nigerian naira continued its upward trajectory against the United States dollar on Wednesday, recording gains both at the official foreign exchange market and the parallel markets. This…
The current exchange rate for customs import duties and cargo clearance payment has surpassed the official foreign exchange market rate of the Naira against the USD. According to…
