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CHELLARAMS BLAMES N3BN LOSS ON FOREX CRISIS
Summary:- Financial Results: Chellarams Plc reported a significant loss of N3 billion for the financial year ending March 2024, compared to a profit of N4.9 billion the previous year.- Main Factors fo...
CBN Increases the Exchange Rate at the Nation’s Airports and Seaports
Yesterday, it was reported that the Central Bank of Nigeria (CBN) had increased the exchange rate used to calculate tariffs and import duties collected at airports and seaports.This development comes ...
CBN Increases the Exchange Rate for Paying Customs Duties by 11.1%
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the...
FG Kicks off Disbursement of N200 Billion N200bn MSMEs, Manufacturers Intervention Fund
The federal government has announced the Presidential Intervention Fund for Micro, Small, and Medium-Sized Enterprises and Manufacturers in Nigeria, valued at N200 billion.The minister of industry, tr...
CBN Adjusts Customs Duties to N1,593.41/$1
The Central Bank of Nigeria (CBN) has adjusted the Custom duties at the nation's seaports and airports from N1,617.96/$1 to N1,593.41/$1, a 1.5% reduction.Analysts stated that the reduction in Customs...