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Nigeria, Benin Republic Customs partner to end trans-border crimes, enhance trade facilitation

The Nigeria Customs Service and the Benin Republic Customs are to partner to end trans-border crimes and enhance trade facilitation. Acting Comptroller-General of Customs, Bashir Adewale Adeniyi MFR, expressed his commitment to synergize with the Benin Republic to enhance trans-border security and regulate trade between the two countries. The Customs boss made this known on […]

CBN directs banks to stop spending FX revaluation gains

The Central Bank of Nigeria issued a directive instructing commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. The new directive was conveyed in a letter dated September 11, 2023, signed by the Director, Banking Division Department, Haruna Mustafa, and it is expected to be implemented immediately. FX […]