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Nigeria’s Central Bank Cuts Customs Duty Rate Following Lawmakers’ Order

Nigeria’s Central Bank (CBN) has reduced the exchange rate for computing customs duties at...
Business

Nigeria’s Central Bank Refuses to Settle $2.4 Billion of Fraudulent FX Claims

Nigeria’s Central Bank (CBN) has announced that it will not pay off $2.4 billion...
News

Nigeria’s Forex Crisis Eases as Central Bank Clears Backlog

Nigeria’s central bank has cleared the backlog of foreign exchange liabilities of 14 banks...
Business

Nigeria’s New Central Bank Chief Promises to Tame Inflation and Stabilise Naira

Nigeria’s newly appointed central bank governor, Olayemi Cardoso, has vowed to curb the soaring...
Politics

Senate Advances Bills to Prevent Central Bank Leaders from Entering Politics

The Nigerian Senate has taken significant steps towards barring the governor of the Central...
Business

Naira Plummets to All-Time Low as Dollar Scarcity Bites Harder

The Nigerian naira has hit a record low on the unofficial market as the...

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