Dangote Sugar Refinery Plc, Nigeria’s biggest sweetener producer, said actual foreign exchange losses in 2022 were higher than those reported regarding international accounting rules using the...
The rating agency, Moody’s Investors Service, on Thursday stated that Nigerian banks may not defer the repayment of foreign loans due to the foreign exchange scarcity...
The scarcity of foreign exchange in Nigeria and the adoption of holding company structure by some listed lenders have been attributed to the underperformance of the...
Nigerian local currency, the Naira, depreciated by 0.13% to N430 against the dollar at the Investors and Exporters foreign exchange window on Thursday, as political activities...
Nigerian local airlines have said that rising operational costs occasioned by aviation fuel price hikes, foreign exchange shortage, among others may push the base economy flight...
The Central Bank of Nigeria (CBN) has announced policies, plans and programs for non–oil exports that will enable Nigeria to earn US$200 billion in foreign exchange...
The total foreign exchange (forex) market turnover declined by 23.59 per cent month-on-month (MoM) to N4.28trillion or $10.30billion in November from N5.59 trillion or $13.48billion recorded...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has vowed to battle Aboki FX over its alleged illicit activities in the Nigerian...
The Central Bank of Nigeria (CBN) has mandated all banks to name and shame defaulters of its foreign exchange policy by publishing their names and Bank...
The Central Bank of Nigeria (CBN) has explained that COVID-19, shortage in foreign exchange supply and other factors were responsible for the sharp devaluation of the...
