Nigeria’s Foreign Tax Revenue Surges: Doubling Amidst Naira Weakness
Nigeria has witnessed a substantial surge in tax earnings from foreign firms, with figures nearly doubling within the span of ...
Tag: Forex
CBN Allocates $500 Million to Settle Verified Forex Liabilities
In a move to tackle the backlog of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) has disbursed ...
Naira Stumbles Slightly as Forex Turnover Dips to $56.60 Million
In a recent turn of events, the Nigerian naira witnessed a marginal decline against the US dollar on Wednesday, January ...
Chinese Yuan strengthens 7.1105 against dollar
The central parity rate of the Chinese currency, renminbi or yuan, strengthened 62 pips to 7.1105 against dollar on Monday, ...
Naira Hits Record Low at N1,680/£1 in Just One Week
In an alarming turn of events, the parallel market exchange rate has experienced a substantial decline, reaching an all-time low ...
CBN Struggles with Forex Backlog: Fitch Unveils Ongoing Challenge
In a recent revelation, credit rating agency Fitch highlighted the ongoing challenges faced by the Central Bank of Nigeria (CBN) ...
Parallel market exchange rate falls to N1,320/$1 as diaspora Nigerian depart
Naira on Wednesday fell to a record low of N1,320 per dollar following strong demand on the parallel market, also ...
Consumer Index Surges 9.6%, Attracts N88.8B in One Week
In a dynamic week for the Nigerian equities market, the consumer goods sector emerged as the frontrunner, notching an impressive ...
Saudi Arabia eyes big Investments in Nigeria
The Government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s Refineries, as well as provide Financial ...
