The Nigerian naira has strengthened to a two-year high against the United States dollar, shrugging off concerns over the impact of the latest interest-rate cut on the currency. The naira
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Transactions in Nigeria’s foreign exchange market rose by 11 per cent to $2.63 billion in the week ended September 25, signalling increased activity across the market. The increase covered both
Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate
The naira has lost N17 to close at N522/$1 at the parallel market, a day after the Central Bank of Nigeria (CBN) stopped dollar allocation to 5,300 licensed Bureaux De