The devaluation of the Naira has resulted in a significant forex gain of N8.6 billion for Nigeria’s Identification for Development (ID4D) project, according to the World Bank’s recently released 2023 ...
Due to issues with foreign exchange in the nation, car imports decreased by 45% in the first quarter of 2024, according to Adewale Adeniyi, Comptroller General of the Nigeria Customs ...
Eterna Plc's chairman, Gabriel Ogbechie, revealed that the foreign exchange crisis of 2023 cost the business N9.4 billion. He revealed this in a statement provided to The PUNCH at the ...
The state governments of Ekiti, Cross River, and Ogun have proposed a suspension of their foreign debt repayments worth $501m due to severe foreign exchange volatility. The proposal is part ...
Olayemi Cardoso, the governor of the Central Bank, announced a shift from crisis management to strategic planning, aiming to stabilize forex. After battling economic woes for six months, including high ...
The Central Bank of Nigeria (CBN) is contemplating measures to prohibit Bureau De Change (BDC) operators from engaging in street trading and to impose a maximum cash purchase limit of ...
The persistent inflation and challenges with foreign exchange have been projected as factors that would affect the 2023 fourth-quarter financial results of companies operating in the consumer goods sector of ...
Procter & Gamble (P&G), a global consumer goods leader, has announced plans to discontinue its on-ground operations in Nigeria, citing challenges related to the foreign exchange situation. This move is ...
The Association of Bureau De Change Operators of Nigeria (ABCON) has made an emotional plea to the Central Bank of Nigeria (CBN) to grant permission for Bureau De Change operators ...
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