The Naira experiences a sharp decline to 1082 against the US dollar, even with the CBN $2 billion debt repayment.
The Nigerian naira has experienced a 26.36% decline against the US dollar in the official Investor and Exporter window of the foreign exchange market...
CBN announces the appointment of new executives to lead Union, Keystone, and Polaris banks
The Central Bank of Nigeria swiftly acted, dissolving the boards of Polaris, Union, and Keystone banks, appointing new executives to take charge.
In a statement...
The Naira depreciates to N1089 per dollar in the official Investors and Exporters (I&E) window
The Nigerian naira plummeted to N1089.51 against the dollar on Tuesday, marking a staggering 27.19% drop from its Monday closing rate of N856.57/$, as...
The day concludes with the Naira trading at N1035 per US dollar on the I&E window
The Nigerian naira concluded Wednesday's trading at N1035.12/$ on the official Investor and Exporter foreign exchange window, marking a 4.72% decrease from its Tuesday...
Financial institutions tasked with gathering stamp duty on international transactions
Banks are poised to implement a stamp duty charge on historical foreign transactions made between January 2021 and December 2023 by January 31, 2024,...
