Banking FinanceCBN further hikes import duty to N1,502/$ as Naira continues fallingEditorMay 15, 2024May 15, 2024 by EditorMay 15, 2024May 15, 20240342 As Naira continued its downward trends in the Nigerian Autonomous Foreign Exchange Market (NAFEM) against major currencies especially the United States dollar, the Central Bank
Banking FinanceCBN orders BDCs to sell dollar at N1,269EditorMarch 26, 2024 by EditorMarch 26, 20240319 The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in
Energy Gas OilDiesel sold at N1,153 per litre in January 2024, says NBSEditorFebruary 21, 2024 by EditorFebruary 21, 20240258 The National Bureau of Statistics says the average retail price of a litre of diesel increased from N828.82 in January 2023 to N1,153.01 in January
Banking FinanceNaira slumps to N1,482/$ in ‘official market’, CBN warns forex dealersEditorJanuary 31, 2024 by EditorJanuary 31, 20240290 The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar. The local unit had
FinanceNaira continues its free fall, crashes to N1,210 to one dollarEditorOctober 24, 2023 by EditorOctober 24, 20230299 The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to
Banking FinanceCBN defaults on payment of $10bn debt to banks as dollar nears N1,000EditorSeptember 25, 2023 by EditorSeptember 25, 20230334 Over two weeks after the Central Bank of Nigeria promised to clear over $10bn foreign exchange debts owed Deposit Money Bank, the apex bank has
Banking FinanceNaira crisis: Banks shun CBN directive, collect old N500, N1,000EditorFebruary 19, 2023 by EditorFebruary 19, 20230289 Some Deposit Money Banks on Saturday opened their branches to customers for the purpose of collecting old N500 and N1,000 notes for deposit into their