Naira Continues to Strengthen, CBN Sells N1,251 per Dollar The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,251/$1. In a circular issued by the...

Manufacturers’ Forex Losses Rise 566% to N792bn in 2023 A review of the performance of  multinational corporations and big indigenous firms operating in the country for the financial year ended December 2023 have shown that they recorded a combined Foreign Exchange, forex, losses of N792...

Manufacturers’ Forex Losses Rise 566% to N792bn in 2023 A review of the performance of  multinational corporations and big indigenous firms operating in the country for the financial year ended December 2023 have shown that they recorded a combined Foreign Exchange, forex, losses of N792...

NIN Required to Access Trade Grant – FG The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers, NIN, as part of the necessary requirements to obtain a grant earmarked to cushion the...

NIN Required to Access Trade Grant – FG The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers, NIN, as part of the necessary requirements to obtain a grant earmarked to cushion the...

CBN Policies Working as Exchange Rate Sees Highest Gain in 6 Weeks   The exchange rate between the Naira and the US Dollar gained 1.52% to close at N1,431/$ on Friday, March 22, 2024, continuing an upward trend that has lasted for seven consecutive days. According...