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The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange to qualified Bureau of Currency Exchange (BDC) operators at N1,590 per dollar to meet hidden transaction demand. The CBN’s Managing Director of Trade and Exchange Department, WJ Kanya disclosed this in a statement titled: “Sale of Foreign Exchange to BDCs to Meet Retail Market Demand for Qualified …

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MedTech is accused of engaging in bribery and has allegedly been granted duty-free by the Liberia Revenue Authority. By Lincoln G. Peters  Monrovia, September 25, 2024: The Liberia Revenue Authority (LRA) and the Ministry of Commerce and Industry (MoCI) have begun providing conflicting information regarding the controversial US$150,000 MedTech Scientific Limited (MTS) provided for the purchase of vehicles.  Recently, Liberia’s …

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The naira weakened by N9 against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,667/$1, up from N1,658/$1 traded at the official window the previous day. The naira lost N10 against the dollar in the parallel section of the forex market to …

The Federal Government has increased the monthly allowance of National Youth Service Corps (NYSC) members to N77,000. NYSC Acting Director of Information and Public Relations, Caroline Embu, disclosed this in a statement on Wednesday in Abuja. He said the increase would come into effect from July in line with the National Minimum Wage (Amendment) Act 2024. President Bola Tinubu signed …