Dollar Declaration

Naira Closes Week with Fresh Decline at Official Forex Market

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The Nigerian Naira recorded a marginal depreciation against the United States Dollar at the official foreign exchange market on Friday, concluding the weekly trading cycle on a negative note. According to official compliance data monitored closely by treasury participants, the local currency experienced downward adjustments to settle around the N1,362 threshold. Parallel Market Remains Unchanged … Read more

Title: CBN Releases 2026 FX Manual: $10,000 Cash Declaration Threshold and Digital PTA Rules

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The Central Bank of Nigeria (CBN) has officially released the fourth edition of its comprehensive Foreign Exchange Manual. Issued by the Trade and Exchange Department, the updated regulatory framework outlines detailed compliance guidelines, documentation requirements, and stricter operational procedures for global currency transactions across Nigeria’s financial sectors. According to the directives, the apex bank has … Read more