Dollar scarcity: Manufacturer’s panic buying creates illusion of economic growth
Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements, creating the illusion of economic growth in ...
Tag: dollar scarcity
Dollar Scarcity: Nigeria’s Eurobond trade at worst price in years
This could be a long summer or holidaymakers and businesses looking for forex.
Dollar scarcity worsens as exchange rate falls to N472/$1 at black market
The exchange rate disparity between the official and back market rate widened on Monday.
Foreign Exchange: FX demand backlog
The possibility of further devaluation and weak economic outlook has stalled foreign portfolio inflows.
Naira strenghtens further at the parallel market
Naira appreciated to N453 to a dollar on Thursday, May 28, 2020, which represents a N2 gain when compared to ...
Naira appreciates at the I&E window, as CBN Governor promises more liquidity
CBN's Godwin Emefiele had recently advised businesses and individuals to stop patronizing operators in the parallel market because they heating ...
Forex crisis: Those patronizing parallel market will lose money – CBN Governor
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called ...
Naira drops to N454 against a dollar, as foreign investors, importers struggle for dollars
Naira weakened today at the black market as dollar trading at N454 to $1 as demand increased from foreign investors and ...
Banks text customers to come and buy dollars
These follow recent pronouncement by the CBN that it is ready to provide forex for investors who wish to repatriate ...
Nigerian Manufacturers confirm dollar scarcity
Manufacturers have confirmed dollar scarcity is real and no one knows when this will end.
