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What is ERC 404 – the new narrative in crypto?
If you are following the latest developments in the crypto space, you may have heard of ERC 404, a new standard for non-fungible tokens...
CBN revises Exchange Rate on Import duties amid Naira trading at above 1600/$ in...
In a circular issued on February 14, 2024, the Central Bank of Nigeria (CBN) has revised the exchange rate for the payment of import...
Economic Implications of Nigeria’s move to remove electricity subsidies while hiking Customs Exchange Rates
The Nigerian government's recent decision to reconsider electricity subsidies due to significant debts and the consequent increase in customs exchange rates has sparked a...
CBN orders banks to stop cash payment of PTA, BTA, hikes limit for price...
The Central Bank of Nigeria (CBN) has issued a directive to commercial banks, mandating the cessation of cash payments for Personal Travel Allowance (PTA)...
Forex Crisis: CBN Bars International Oil Companies From Remitting 100% Forex Proceeds Abroad
The Central Bank of Nigeria (CBN) has restricted International Oil Companies (IOCs) from remitting 100 percent of their forex proceeds abroad.
This was disclosed in...