In the first quarter of 2020, Nigeriaâ€™s real GDP at basic prices grew by 1.87% but declined in the second quarter by -6.10% on a year on year basis. This brought the real GDP growth rate for the first half of 2020 to -2.18% year on year.
Following different interpretations on the operationalization of Domiciliary Accounts and to ensure the stability of the foreign exchange market, The Central Bank of Nigeria (CBN) would like to provide the following clarifications.
The Nigeria Immigration Service (NIS) has announced the commencement of the implementation of the New Visa Policy (NVP) 2020 and new visa fees with effect from 1 October 2020 sequel to the approval of the Honourable Minister of Interior, Ogbeni Rauf Aregbesola.
On market development, regulation and investors protection, the Securities and Exchange Commission has announced that it shall henceforth discontinue the practice of issuing prior approval or no objection for Audited Accounts of Collective Investment Schemes.