AGS NEWS – Nigerian Breweries’ foreign exchange losses increased to N160.48bn by the end of the third quarter, according to unaudited results submitted to the Nigerian Exchange Limited on Wednesday. The company’s FX loss rose by 84.83% from N86.83bn in … Continue reading Nigerian Breweries FX loss worsens to N160bn
AGS NEWS – The Central Bank of Nigeria (CBN) has issued a reminder to banks in the country, emphasizing that they cannot use their foreign exchange revaluation gains to pay dividends or cover operational expenses. This caution came through a … Continue reading Banks prohibited from using FX revaluation gains for dividends – CBN
The Central Bank of Nigeria has launched a novel foreign exchange rate confirmation system targeted at importers, aiming to facilitate their access to forex. The apex bank, through its Trade and Exchange Department, issued a statement on Thursday evening, declaring … Continue reading CBN introduces portal for FX price verification system
The Central Bank of Nigeria (CBN) has instructed banks to remove the post-no-debit restrictions imposed on the bank accounts of 440 individuals and companies. A post-no-debit restriction means that debit transactions, including ATMs and cheques, are blocked on these accounts, … Continue reading CBN unfreezes 437 accounts, including Bamboo, Nairabet, and AbokiFX
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