Imports: How Customs Duties Exchange Rate Hikes Influence Higher Market Prices
By Francis UgwokeMany Nigerians are currently languishing in extreme poverty and this has in turn…
FOREX
Naira Begins Free Fall as CBN Introduces Currency Floating Regime
By Our ReporterThe Central Bank of Nigeria on Wednesday directed commercial banks to collapse all…
Amidst Inflation, W’Bank Again Urges Nigeria to Adopt Single FX Rate, Stop Import Restrictions
As inflation rose to 24.13 per cent as at November this year when compared to…
Nigeria Needs Urgent Unified, Stable Market-based Exchange Rate, Says World Bank President
The World Bank on Monday called on Nigeria to move urgently in creating a stable…
Our Strict Policy on Forex is to Preserve Naira Value, Says CBN Governor
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Wednesday explained…
FOREX: Why Nigeria Introduced Multiple Exchange Rate System, CBN Governor Tells W’Bank President
Nigeria’s Central Bank Governor, Mr. Godwin Emefiele, has defended the multiple exchange rate system as…
CBN Dishes Out N23bn to 28 Manufacturers
Twenty-eight companies have benefited the sum of N23bn for funding of new projects under “100…
Buhari Assures Manufacturers of Access to Forex
*As MAN raises concerns on planned rise in taxes, othersBy Our CorrespondentManufacturers who have been…
CBN Says Cutting Wheat Import by 60% Will Save Nigeria $2bn FX Annually
By Our ReporterThe Central Bank of Nigeria (CBN) on Tuesday said it has plans to…
Forex/Other Infractions: CBN Hits UBA, Fidelity, Access , GTB, FCMB with N1.4bn Penalties
Facts have emerged on how five commercial banks were fined the sum of N1.4bn over…