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FX

Business and Economy

Capital importation pushes FX inflows to $25.4bn in six months — CBN

THE Central Bank of Nigeria (CBN) has revealed that the net foreign exchange (FX) flows into the country increased...
Harrison EDEH -
Business and Economy

Banks taxed 50% FX gains in proposed 2023 Finance Act amendment

NIGERIAN banks would be taxed 50 per cent of their recorded gains in "foreign exchange (FX) revaluation" in 2023,...
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Business and Economy

Bank of Ghana suspends First Bank, GTB FX trading licences over alleged fraud

THE Bank of Ghana has suspended the foreign exchange (FX) and trading licences of the First Bank of Nigeria...
Harrison EDEH -
Business and Economy

MAN urges FG to incentivise manufacturers, businesses

THE Manufacturers Association of Nigeria (MAN) has urged the  Federal Government to provide incentives for the manufacturing sector to...
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Business and Economy

 Maintain uniform FX price or face strike, oil marketers tell FG

THE Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) - the umbrella body of the Petroleum Marketers, has...
Harrison EDEH -
Business and Economy

‘Investors seek CBN’s clarification on debt obligations, backlogs’

INVESTORS will require the Central Bank of Nigeria (CBN) to come clean on debt obligations and outstanding backlogs of...
Harrison EDEH -
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