Foreign Exchange Transactions

Business

Shocker: CBN Restrains Banks from Reaping Bountiful Harvests of Forex Revaluation Windfall

Sam Diala, THEWILL -
September 12, (THEWILL) - The Central Bank of Nigeria (CBN) has moved to stop the deposit money banks from spending the massive gains from the recent forex revaluation which has exceedingly bolstered the treasury and balance sheets of the...
Business

Nigerian Stocks Market Loses N27.9bn After Reaching 15-year High

Sam Diala, THEWILL -
August 31, (THEWILL) - Nigeria’s equities market lost N27.9 billion on Wednesday, after hitting a 15-year high on the previous day’s trading. Market capitalisation dropped to N36.36 trillion from N36.39 trillion on Tuesday. The NGX All-Share Index fell to...
Business

H1 2023: Foreign Transactions on NGX Rise to N145.1bn

Sam Diala, THEWILL -
July 24, (THEWILL) - Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors at the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the...
Business

Naira Gains at N746.38/$ As Equities Market Loses N707bn

Sam Diala, THEWILL -
July 13, (THEWILL) - The Naira witnessed an upward momentum on Thursday, gaining 4.7% against the dollar on the I&E window to close at N746.28/$ against N782.49/$ on the previous trading day. Check by THEWILL showed that the parallel market...
Business

43 Non-eligible Items Remain Banned From I&E Window – CBN

THEWILL. -
The Central Bank of Nigeria on Friday said that the 43 items restricted from accessing Foreign Exchange from the official window remain banned from the Investors and Exporters (I&E) window. This means the restriction of foreign exchange allocation for the...
Business

Nigerian Banks Demand Tax Clearance Certificate On FX Transactions

Sam Diala, THEWILL -
June 01, (THEWILL) – Nigerian banks have begun implementing a new regulation that requires customers to present a valid Tax Clearance Certificate (TCC) for foreign exchange transactions. The move complies with new regulations by the federal and state...
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SportsOlumide Atiba, THEWILL -

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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