Forex
- NEWS
Analysis: Dangote refinery and Nigeria’s forex
By Yunus Yusuf The 20-billion-dollar Dangote Refinery investment with 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange.…
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Soursop potential forex earner for Nigeria
Mr Sylvester Danjuma, National President, National Soursop Producers Processors and Marketers Association of Nigeria, says soursop fruit has forex potential…
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CBN offers $876m to fx markets, pledges more liquidity support
The Central Bank of Nigeria (CBN), has offered 876 million dollars to the foreign exchange (fx) markets to fulfill bids…
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CBN sells $148m to authorised dealers
The Central Bank of Nigeria (CBN) says it sold a cumulative amount of 148 million dollars to authorised dealers in…
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CBN sells Dollar at N1,450 to BDCs, caps forex profit at 1.5%
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC)…
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Pharmaceutical multinationals left due to Naira devaluation, says PMG-MAN
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) on Sunday bemoaned the devaluation of the Naira and…
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CBN pays $2bn in outstanding Forex liabilities, cites ‘infractions’
The Central Bank of Nigeria (CBN) says it has paid approximately two billion dollars in its bid to clear the…
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How to reduce pressure, stabilise forex, CPPE advises CBN
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria to implement steps identified…
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FX challenges: NIM urges more holistic and proactive approach
The Nigerian Institute of Management Chartered (NIM) says a more holistic and proactive approach is critical to addressing Nigeria’s foreign…
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Sustainable intervention needed to stem volatility in FX market, says Economist
Dr Muda Yusuf, an Economist, has charged the monetary authorities to provide a sustainable intervention framework, to ensure the moderation…
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