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Naira Closes at 363/Dollar as CBN Sells $210 Million

Enterprise Television- Naira Closes at 363/Dollar as CBN Sells $210 Million The Central Bank of Nigeria has yet again intervened into the inter-bank foreign exchange market, and various sectors of the market to the tune of $210 million. This came just as the naira closed at 363 per United States dollar at the parallel market on […]

Master Bakers, Caterers Protest Levy On Wheat Importation, Others

While demanding for plans towards the empowerment of 20,000 master bakers from an accumulated fund with the Central Bank of Nigeria (CBN), they … in consonance with the present exchange rate of naira to the dollar and high cost of diesel which were the factors that influenced the increase then.

Bread Scarcity Looms as Master Bakers Threaten Strike

Kick against FG’s 15% levy, multiple taxes Omon-Julius Onabu in Asaba The Association of Master Bakers and Caterers of Nigeria (AMBCN) has decried the arbitrary increase in levy paid on wheat importation as well as sundry collections, which the association complained amounts to multiple taxation. THISDAY learnt that scarcity of bread is imminent as members […]

CBN dumps circulation of new lower denomination notes as mutilation deepens – Business Hilights

During the midweek of last two months, the Central Bank of Nigeria (CBN) had responded to remarks by House of Representatives, who decried at plenary that lower denomination notes of Naira are becoming very dirty and can cause shocks in business transactions within the informal sector of the economy. Key resolution in the response of […]

CBN building, Abuja – Next Edition: Home

CBN building, Abuja – Next Edition: Home […]

I&E Forex Window: From scarcity to surplus

Prior to the introduction of the Investors’ and Exporters’ (I&E) FX window in April, last year, by the Central Bank of Nigeria (CBN), the market and exchange rates were in turmoil. But, in dramatic turn of events, the acute shortage of foreign exchange, which businesses and individuals grappled with, has turned to surplus of dollars […]

Bureau De Change Operators wants CBN to cut buying rates, VAT exemption – World stage group

WorldStage Newsonline– The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to review downward their buying rates and make their transactions VAT exempted. Alhaji Aminu Gwadabe, the president of ABCON in Lagos on Wednesday that, “We ask the CBN to hasten the approval of our request […]

Naira falls to N360.51 against dollar at investors’ window – World stage group

WorldStage Newsonline– The Naira declined against the dollar at the investors’ window on Wednesday weakened, losing 51kobo to exchange at N360.51 from N360 traded on Tuesday, while the naira closed at N305.56 at the CBN window. At the Bureau De Change (BDC) window, the naira closed at N362 to the dollar, while the Pound Sterling […]

Dollar to Naira black market rate today Wednesday, 25th April 2018

Dollar to Naira black market rate today Wednesday, 25th April 2018 Naira stays firm against dollars, gains against others Dollar to Naira black market rate today Wednesday, 25th April 2018 is N360/N363.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point […]

BDCs take measures to improve corporate governance, transparency

The Association of Bureau De Change Operators of Nigeria (ABCON) says it has taken measures to ensure that its members imbibe the culture of transparency in transactions and corporate governance. Aminu Gwadabe, the president of ABCON, told the News Agency of Nigeria on Wednesday in Lagos that the measures were taken to ensure that members […]

Naira weakens against dollar at investors’ window

Posted on Apr 25, 2018 in Business | 0 comments P.M. News Naira weakens against dollar at investors’ windowP.M. NewsThe Naira on Wednesday weakened against the dollar at the investors’ window as the Nigerian currency lost 51kobo to exchange at N360.51, weaker than N360 traded on Tuesday, while the naira closed at N305.56 at the […]

BDCs moves to improve transparency in transactions

FILE PHOTO: Bureau De Change operator The Association of Bureau De Change Operators of Nigeria (ABCON), says it has taken measures to ensure that its members imbibe the culture of transparency in transactions and corporate governance. Alhaji Aminu Gwadabe, the president of ABCON told the News Agency of Nigeria (NAN) on Wednesday in Lagos, that […]

Naira To Dollar Exchange Rate For Today ▷ Naija News

Dollar to Naira exchange rate today Naira To Dollar Exchange Rate For Today, 25th April The Central Bank of Nigeria, (CBN), has further injected another $210m into the nation’s foreign exchange market. This, the apex bank said is to maintain the current stability of the Naira against major international currencies such as the United States […]

Delta bakers protest FG’s 15% levy, multiple taxations

Association of Master Bakers and Caterers of Nigeria (AMBCN), numbering over 1, 000, yesterday protested against the federal government’s 15% levy collection on wheat importation from them and demanded immediate reduction of flour from millers. Speaking in Asaba during protest, the National Secretary of the association, Jude Okafor, said the levy that was introduced in […]