foreign exchange
Banks, firms groan as forex scarcity affects payment obligations
BY: Moses olajuwon Obajemu Banks and other firms in the country have been groaning over their inability to raise enough…
$60b forex cash kept naira stable for 29 months – Emefiele
The $60 billion inflow from the investors’ and exporters’ Foreign Exchange (I&E Forex) window has been identified by Central Bank…
Foreign exchange risk remains number 1 business risk in Nigeria – KPMG report
With a weighted score of 3.91 points out 5.00, foreign exchange risk remains number one business risk for Nigerian corporates,…
Nigeria spends N400bn on raw sugar import in four years
Nigeria spent a total of N400 billion on the importation of raw sugar from 2013 to 2016, Abiodun Olasupo, chairman,…
Nigeria central bank policy on FX restriction on 41 items cuts down rice imports
The Central Bank of Nigeria (CBN) policy restricting foreign exchange on 41 items including rice has cut down rice import…
Forex rate, real reason commodities prices still high amid improved economy, MAN chief says
Frank Jacob, an industrialist, and president of Manufacturers Association of Nigeria (MAN) said Friday that the prices of domestic commodities still…
Venezuela launches fifth forex plan in four years
Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan…
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