Naira Weakens Further, Exchanges N1,450/$ at Parallel Market The naira weakens further against dollar at the black market, also known as the parallel market on Thursday exchanging at ₦1,450 per USD. Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market...

CBN Orders PoS Operators to Register With CAC, Gives Two Month Ultimatum The Central Bank of Nigeria (CBN) has ordered all Point-of-Sale operators in the country to register their businesses with the Corporate Affairs Commission (CAC) in two months. This was revealed after a meeting between...

CBN Wants Stronger Monitoring and Evaluation to Boost Project Efficiency in West Africa The Central Bank of Nigeria (CBN) has called for a renewed focus on monitoring and evaluation (M&E) in project management across West Africa, highlighting its importance during a time of limited resources. The...

The Central Bank of Nigeria (CBN) has exempted 16 items from 0.5 percent Cybersecurity levy on all electronic transactions.

Cardoso Urges Fiscal Authorities to Address 'New Sources' of Inflation The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called on the fiscal authorities to address new sources of inflation to complement the efforts of monetary policy in achieving price stability. In his...

NCS Increases FX Rate for Import Duties to N1,441/$ The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar. The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1. The rate adopted by customs...