Naira Weakens in October Amid Ongoing FX Crisis – Report
In October 2024, the naira lost value in relation to the dollar due to ongoing instability in the foreign exchange ...
Friday, November 22, 2024
Tag: Fx crisis
Manufacturers lost N1.5tn to FX crisis in six months – MAN
The Manufacturers Association of Nigeria has said that its members have lost at least N1.5tn in the last six months ...
Challenges Threaten Nigeria’s 70% Broadband Target
Nigeria's ambitious goal of achieving a 70% broadband penetration by 2025 is encountering significant obstacles due to the ongoing foreign ...
FX crisis: Customs move to release detained vehicles
The Federal Government has announced a 90-day window to regularise import duties on specific categories of vehicles. The National Public ...
CBN Intervenes in FX Market, Allocates $20,000 to Each BDC to Stabilize Naira
The Central Bank of Nigeria (CBN) has taken a decisive step to address the persistent distortions in Nigeria’s foreign exchange ...
MAN Expresses Concern Over Potential Factory Shutdowns Amid Worsening FX Crisis
The Manufacturers Association of Nigeria (MAN) has expressed concerns about the prolonged foreign exchange crisis in the economy, warning that ...
NERC Considers Price Increase for Prepaid Meters Amidst FX Crisis
The Nigerian Electricity Regulatory Commission (NERC) is contemplating another price hike for prepaid meters in response to mounting production costs ...
