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Forex scarcity

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

Players in the downstream sector of Nigeria’s oil industry have lamented that 90 per cent of depots operated by independent oil marketers are currently closed owing to the volatility in the foreign exchange (forex) market and difficulties in the local distribution channel.

October 25, 2023

Editorial

World Food Day, CBN And Lifting Of Forex Ban On Foodstuffs

Today is World Food Day – a day set aside by the United Nations to encourage action for the future of food, people, and the environment and awareness of hunger. Although this year’s celebration is centered around the theme: “Water is Life,

October 16, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·News·Top Stories

Forex Not Enough For Banks – CBN

There are indications that Nigerian banks will face even tougher times sourcing forex in the coming months, following the latest warning issued by the country‘s banking regulator. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele asked banks to expect less

December 15, 2022

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

Last week Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN), opening a new vista of events in Nigeria’s monetary policy management framework. The redesigned naira was received with mix reactions. Many expressed their disappointment

November 30, 2022

Business

Air Peace Increases Baggage Fee To N1,000, Set New Luggage Allowance Weight

Air Peace, a Nigerian airline, has reviewed its baggage policy amid rising cost of operation, as the company seek to increase revenue from other earning sources aside from the flight ticket sales. In a statement released on Thursday, Air Peace stated that

August 26, 2022

Business

Forex Scarcity: Foreign Investors Shun Nigerian Companies

Forex scarcity is forcing foreign investors to reduce their level of transactions in the Nigerian stock market by -37.24% between January to July, falling behind the value of trades conducted by their domestic counterparts, which rose by 1.70% year-on-year. According to a

August 22, 2022

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Forex scarcity

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

World Food Day, CBN And Lifting Of Forex Ban On Foodstuffs

Forex Not Enough For Banks – CBN

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

Air Peace Increases Baggage Fee To N1,000, Set New Luggage Allowance Weight

Forex Scarcity: Foreign Investors Shun Nigerian Companies

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Market Analysis: Nigeria’s Q2 Growth Numbers In View

Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers

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