Naira Rebounds After Brief Plunge Beyond N1,600 Mark in Official and Parallel Markets
The Nigerian naira made a strong recovery on Thursday, August 29, 2024, after briefly crossing the N1,600 mark against the ...
Tag: Exchange Rate
CBN Adjusts Customs Duty Exchange Rate, Reduces Costs for Importers
The Central Bank of Nigeria (CBN) has implemented a new exchange rate for calculating customs duties, offering relief to importers ...
Naira Displays Mixed Signals as Dollar Gains Some Strength
The Nigerian naira exhibited a mix of gains and losses against the US dollar in the foreign exchange market on ...
Government Revenue Sees N2.74 Trillion Boost from Weak Naira in Six Months
The federal, state, and local governments in Nigeria collectively gained an additional N2.74 trillion in revenue from exchange rate fluctuations ...
Exchange Rate for Customs Duties Collection Rises to N1,618/$
The Nigeria Customs Service (NCS) has adjusted the exchange rate for customs duties collection to N1,618.73 per dollar, marking an ...
FG Revives Controversial Fuel Subsidy Policy with Dangote Refinery
In a surprising move, the Nigerian government has reintroduced a controversial fuel subsidy policy that dates back over two decades. ...
Naira Plummets to N1,611 per Dollar, Lowest Since March
The exchange rate between the Nigerian naira and the US dollar fell to a four-month low of N1,611 on the ...
Naira Hits Four-Month Low, Closes at N1,603.80/$1 Amid Demand Pressure
The Nigerian naira has experienced further depreciation, closing at N1,603.80/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on ...
Exchange Rate for Customs Duties Surpasses Official Market Rate Again
The exchange rate for customs duties collection by the Nigeria Customs Service (NCS) has increased, surpassing the official market rate ...
Naira Falls to N1,577/USD: Lowest Since March
The Nigerian naira has dropped to its lowest level since March, trading at N1,577 per U.S. dollar on Monday, despite ...
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