Imported Goods Face Hike in Prices as CBN Alters Exchange Rate Used by Nigeria Customs Service
The Customs duty payable on imported items at Nigeria's seaports has surged following the Central Bank of Nigeria's (CBN) recent...
Central Bank of Nigeria
CBN Introduces Disclosure Policy: CBN Directs Staff to Declare Relatives Employed by the Bank and Connections to Politically Exposed Persons
The Central Bank of Nigeria (CBN) has recently issued a directive requiring its staff to disclose any close relatives employed...
Federal Government Adjusts Customs Exchange Rate for Import Duties Amid Economic Challenges
The Nigerian government has implemented a significant adjustment in the exchange rate calculations of import duties by the Nigerian Customs...
Central Bank of Nigeria Affirms That All Banknotes, New and Old, Remain Legal Tender
The Central Bank of Nigeria (CBN) has clarified that all banknotes, whether old or new, remain valid legal tender in...
Former CBN Governor Godwin Emefiele Granted Bail After 151 Days in Custody
Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who had been in custody for 151 days, has...
Naira Rally Expected to Continue as CBN Implements Strategic Measures
The recent rally of the Nigerian naira in both official and parallel markets is expected to continue due to strategic...
FG Signs $700 Million Deal with German Firm to Boost Solid Mineral Exploration
The Federal Government of Nigeria has signed a memorandum of understanding (MOU) with the German company Geo-scan GmbH, involving an...
FG Plans New Forex Regulations to Strengthen the Naira
The Nigerian federal government is reportedly planning to introduce new regulations in the forex market with the aim of bolstering...
Senate Advances Bill to Keep CBN Governors out of Partisan Politics and Prohibit Use of Foreign Currency in Local Transactions
Two bills related to the Central Bank of Nigeria (CBN) have passed the second reading in the Nigerian Senate. These...
