Forex Crisis: Nigeria’s ID4D Project Gains N8.6 Billion from Naira Devaluation in 2023
The devaluation of the Naira has resulted in a significant forex gain of N8.6 billion for Nigeria’s Identification for Development ...
Monday, November 4, 2024
Tag: Forex Crisis
CGC Reports 45% Drop in Vehicle Imports Due to Forex Crisis
Due to issues with foreign exchange in the nation, car imports decreased by 45% in the first quarter of 2024, ...
Eternas Financial Woes Deepen Amid Forex Crisis
Eterna Plc's chairman, Gabriel Ogbechie, revealed that the foreign exchange crisis of 2023 cost the business N9.4 billion. He revealed ...
Forex crisis: Three states demand $501m loan repayment suspension
The state governments of Ekiti, Cross River, and Ogun have proposed a suspension of their foreign debt repayments worth $501m ...
Forex Stability: CBN Shifts Focus to Strategic Planning – Cardoso
Olayemi Cardoso, the governor of the Central Bank, announced a shift from crisis management to strategic planning, aiming to stabilize ...
CBN Plans to Restrict BDC Street Trading, Caps Cash Forex Purchase at $500
The Central Bank of Nigeria (CBN) is contemplating measures to prohibit Bureau De Change (BDC) operators from engaging in street ...
‘Inflation, forex crisis may affect consumer goods industry’
The persistent inflation and challenges with foreign exchange have been projected as factors that would affect the 2023 fourth-quarter financial ...
Procter & Gamble to Exit On-Ground Operations in Nigeria, 5,000 Jobs at Risk Due to Forex Crisis
Procter & Gamble (P&G), a global consumer goods leader, has announced plans to discontinue its on-ground operations in Nigeria, citing ...
BDCs Seek CBN Approval for Online Dollar Transactions and Diaspora Remittances Amid Forex Crisis
The Association of Bureau De Change Operators of Nigeria (ABCON) has made an emotional plea to the Central Bank of ...
