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Border closure: Customs now rakes in N5.8bn a day — Ali

Agents kick as Customs, CBN increase duty exchange rate

  The Nigeria Customs Service (NCS) has implemented an increase in import duty payable on cargoes from N326 to N361 per dollar following a new foreign exchange...

CBN asks importers to trade with yuan instead of dollar 

CBN suspends cheque clearing indefinitely

  The Central Bank of Nigeria (CBN) has directed that cheque clearing should be suspended. CBN Director of Banking Services, Sam Okoreje, said the suspension is...

CBN blocks bank accounts of rice, textile smugglers

CBN mulls forex restriction on hand sanitisers importation

  Hand sanitisers and other anti-viral protective and hygiene products may soon be included in the list of items the Central Bank of Nigeria (CBN) has banned from...

Emefiele-Godwin-CBN

Reps to investigate CBN, others over $30bn revenue leakages 

  The House of Representatives is to investigate an alleged loss of over $30 billion annually as a result of revenue leakages arising from tax evasion,...

CBN asks importers to trade with yuan instead of dollar 

CBN bans milk importation, exempts Nestle, others 

  The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for forex. However, the bank exempted six companies from the...

Emefiele

CBN restricts forex for milk importation, exempts six companies

The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for forex. However, the bank exempted six companies from the...

Emefiele-Godwin-CBN

CBN: Our interventions reduced Nigeria’s import bill by N1.3trn

  The Central Bank of Nigeria (CBN) has stated that its various interventions both in agriculture and real sector support facility has saved the economy about N1.3...

CBN Governor, Godwin Emefiele.

Emefiele defends CBN’s forex restriction on imports 

  The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has said that the current foreign exchange restriction policy of the apex bank was not restricting...

Emefiele

What is your take on the CBN cashless policy?

Personally, I believe the new cashless policy by the Central Bank of Nigeria (CBN) is not encouraging and should be reversed. I mean getting a two percent surcharge all...

Emefile-CBN

CBN stops credit payments for milk imports

  The Central Bank of Nigeria (CBN) has told lenders to stop processing milk imports on a credit basis, bankers said on Tuesday, after the bank last month said...

CBN asks importers to trade with yuan instead of dollar 

CBN: We’re implementing forex restriction order on food import

  Contrary to widespread speculations in some quarters that the Central Bank of Nigeria (CBN) is yet to work out modalities and timeline for the implementation of...

Reps committee summons Customs, NNPC, CBN

Reps committee summons Customs, NNPC, CBN

An adhoc committee of the House of Representatives has summoned heads of four government agencies to appear before it on August 19. This followed the ruling of the...