As Nigeria’s deposit money banks (DMBs) inform their clients of regulatory requirements for tax clearance certificates for foreign currency transactions, the naira exchange rates on all FX markets somewhat declined. The naira ended down slightly at N464.67 per US dollar from N464.50 at the Investors’ and Exporters’ foreign exchange window amid the new government initiative … Continue reading Naira Drops As Banks Give Update on Tax Clearance For FX Demand