Banks, firms groan as forex scarcity affects payment obligations
Aderemi Ojekunle
August 18, 2020
BY: Moses olajuwon Obajemu Banks and other firms in the country have been groaning over their inability to raise enough forex to meet
Extension of OTC futures to bring calmness to market, curb FX volatility
Adesola AfolabiFebruary 18, 2020
Adesola Afolabi Asides infusing more confidence to foreign portfolio investors and foreign direct investors, the recently launched
$60b forex cash kept naira stable for 29 months – Emefiele
Businessam StaffDecember 2, 2019
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
Businessam StaffMay 9, 2018
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
Temitayo AyetotoMarch 26, 2018
Nigeria spent a total of N400 billion on the importation of raw sugar from 2013 to 2016, Abiodun Olasupo, chairman, House of
Nigeria central bank policy on FX restriction on 41 items cuts down rice imports
Businessam StaffJanuary 11, 2018
The Central Bank of Nigeria (CBN) policy restricting foreign exchange on 41 items including rice has cut down rice import drastically
Forex rate, real reason commodities prices still high amid improved economy, MAN chief says
Businessam StaffSeptember 8, 2017
Frank Jacob, an industrialist, and president of Manufacturers Association of Nigeria (MAN) said Friday that the prices of domestic
Venezuela launches fifth forex plan in four years
Businessam StaffMay 24, 2017
Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan