By Chisom Adindu Lately, the country’s external reserves started heading south after impressive accretion over months. This is despite rising international prices of crude oil. No...
President Muhammadu Buhari has promised to take appropriate measures to improve access to foreign exchange for importation of raw materials and machines that are not available...
Net foreign exchange (forex) inflow into the economy fell by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. The...
The Central Bank of Nigeria (CBN) has assured bank customers that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers are...
By Tony Obiechina, Abuja Capital Market Expert, Professor Uche Uwaleke has commended the decision of the Central Bank of Nigeria (CBN) to stop the direct sales...
By Tony Obiechina, Abuja Foreign Exchange scarcity has threatened access to the N100billion Healthcare Intervention Fund, (HIF) thus poising fresh challenges to effective utilization of the...
By Mathew Dadiya, Abuja As the Federal Government rolls out the Economic Sustainability Plan and sets goals for National Food Security, President Muhammadu Buhari, Thursday ordered...
By Tony Obiechina, Abuja In its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) has directed all banks in...
By Mathew Dadiya, Abuja Money Deposit Banks in Nigerian face shortage of foreign exchange as they struggle to close $5 billion demand gap especially with the...
By Tony Obiechina, Abuja Amidst the Coronavirus pandemic, Jaiz Bank Plc, has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open...