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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...
Notore Chemical Industries Plc Gains N21.55 Billion in 2023 FY
Notore Chemical Industries Plc, one of Africa's biggest and leading fertiliser and agro-allied companies, recently announced that its total revenue was N21.55 billion for the fiscal year ending Decemb...
NASCON Allied Industries Proposes New Dividend as Profit Rises by 151% to N13.73BN
NASCON Allied Industries announced that it gained more market share even as its profit after tax (PAT) rose by 151% to N13.73 billion for the financial year ended December 31, 2023.NASCON also reporte...
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...