The over 25 foreign airlines flying into Nigeria have lost a combined sum of $240m (N67.2bn) following the adoption of a new foreign exchange policy by the Central Bank of Nigeria, the  Punch investigations have revealed. The International Air Transport Association, the global trade body...

Following the commencement of the implementation of the new foreign exchange policy, which moves the naira to dollar exchange rate from 197 to a minimum of 280, customs duties on imported cargoes have risen by about 43 per cent. Prior to the adjustment of the...

The Nigerian Stock Exchange returned to gains as the Central Bank of Nigeria released the much-awaited framework for the foreign exchange market. The All-Share Index rallied by 3.17 per cent owing to this development, which boosted the NSE market capitalisation by N295bn as capitalisation rose...