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The Central Bank of Nigeria (CBN) has authorised importers to temporarily use expired National Agency for Food and Drug Administration and Control (NAFDAC) licenses for import documentation, the apex bank announced on Tuesday. According to a circular issued on January 26, 2026, by the CBN’s Trade and Exchange Department and published on the bank’s website,…
The Nigerian naira extended its recent rally at the official foreign exchange market, trading near ₦1,400 against the US dollar during midweek sessions on the Nigerian Foreign Exchange Market (NFEM). Figures released by the Central Bank of Nigeria (CBN) showed that the local currency gained 1.26 per cent on Tuesday, with the dollar quoted at…
The Federal Government of Nigeria announces that the country has been removed from the European Union’s list of high-risk third countries, marking a significant achievement in Nigeria’s economic reform agenda. This development, confirmed by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, underscores Nigeria’s commitment to strengthening its anti-money laundering…