Tag: , ,

CBN blocks bank accounts of rice, textile smugglers

NECA faults CBN over exchange rate adjustment 

  The Director-General, Nigeria Employers Consultative Association (NECA), Timothy Olawale, has faulted the adjustment of the naira by the Central Bank of Nigeria...

Customs beg FG to end import duty waiver

What’s your view on the increase in benchmark exchange rate for import duty payment?

The decision is uncalled for. It buttressed the insensitivity of the ruling class to the plight of the citizens. A time when government all over the world are...

Director General, Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf

LCCI, agents seek reversal of new import duty exchange rate

  The Lagos Chambers of Commerce and Industry (LCCI), has appealed to the Central Bank of Nigeria (CBN) to reverse the new exchange rate on import duty payable on...

Hameed Ali

Importers, agents to pay more as Customs raises duty exchange rate to N326/$

The Nigeria Customs Service has increased import duty rate from N306 to N326 per dollar following a new foreign exchange policy by the Central Bank of Nigeria (CBN)....

CBN says forex inflow hit $91bn in 2017

Liquidity boost to BDCs narrows exchange rate gap- Gwadabe

The President of Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, says lower exchange rate gap is due to liquidity boost to the BDCs...

senate

Senate passes MTEF, approves N305 dollar exchange rate

Almost four months after President Muhammadu Buhari forwarded the 2017, 2018 and 2019 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF and FSP) to both...

FG to close gap between official and black market exchange rate 

FG to close gap between official and black market exchange rate 

Nigeria needs to close the gap between the official and black market rates for the Naira against the dollar “very soon”, Vice President Yemi Osinbajo said on...