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The Central Bank of Nigeria (CBN) says it has completed a major forensic audit into the country’s foreign exchange transactions under the Retail Secondary Market Intervention Sales (RSMIS) scheme, ...

The Central Bank of Nigeria (CBN) has concluded its forensic audit into undelivered foreign exchange (FX) forward contracts, declaring the case closed and stating that no appeals will be entertained.

Manufacturing companies have incurred over N1.5 trillion in forex-related transaction losses in the last six months, due to the Central Bank of Nigeria (CBN’s) continued non-redemption of $2.4 billion ...

Section 1256 contracts include certain regulated futures contracts, foreign currency contracts and non-equity options. These contracts receive a unique tax treatment under the IRS code and are subject ...