Forex: CBN Restates Position on Bank Usage of Revaluation Gains The Central Bank of Nigeria (CBN) has recently restated its position on how banks are allowed to utilize their forex (FX) revaluation gains referencing a previous circular dated September 11, 2023. The bank stated that FX...

Forex: CBN Restates Position on Bank Usage of Revaluation Gains The Central Bank of Nigeria (CBN) has recently restated its position on how banks are allowed to utilize their forex (FX) revaluation gains referencing a previous circular dated September 11, 2023. The bank stated that FX...

CBN Slashes Import Duty Forex Rate   The Central Bank of Nigeria (CBN) has further reviewed downward the Customs Foreign Exchange duty rate from N1,630.159/$ to N1,544.081/$ on Monday, March 04, 2024. The slash which represents 5.3 percent follows the stability in the exchange rate of naira...

CBN Slashes Import Duty Forex Rate   The Central Bank of Nigeria (CBN) has further reviewed downward the Customs Foreign Exchange duty rate from N1,630.159/$ to N1,544.081/$ on Monday, March 04, 2024. The slash which represents 5.3 percent follows the stability in the exchange rate of naira...

Uncertainty Grips Airlines Over Forex Rate There seems to be unease in the airline industry over uncertainty in the foreign exchange market amidst concern that the rate could further skyrocket as 2019 progresses. This concern was raised, yesterday, by the Managing Director/Chief Executive Officer of Med-View...

BDCs Seek Forex Rate Convergence The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for an emergency meeting of its members to discuss critical issues in the foreign exchange (forex) market. Top on the agenda is the convergence of Bureau De Change (BDC)...