FX Crisis: Exchange rate for cargo clearance jumps by 4.4% from N1356.8/$ to N1413.6/$ in 24 hours
The exchange rate for cargo clearance witnessed an increase to N1413.6/$ barely 24 hours after CBN, raised the rate N1, ...
Tag: Foreign Exchange
Forex crisis: FG Begins talks with World Bank, solution underway
Minister of Finance, Wale Edun, has assured Nigerians that solution to the foreign exchange crisis in the country is underway.
BIG READ: The more they “Japa” the weaker the Naira
Inside the massive "japa" industry that's raking in millions of dollars for foreign schools, embassies, consultants, there can only be ...
Capital importation falls 51.51% t0 $1.06 billion in Q4 2022, as Lagos accounts for 56.62%
Nigeria attracted a sum of US$1.060.73 as capital importation in Q4 2022, a sum lower than US$2.187.63 billion recorded in ...
How to buy PTA this Christmas
The CBN recently announced that effective from November 30, 2021, the e-Form A for invisible transactions will replace the hard ...
Nigeria’s central bank sold forex worth $4.86 billion to authorised dealers in Q1 2022
The Central Bank of Nigeria sold $4.86 billion worth of foreign exchange to authorities dealers in the first quarter of ...
No dollars: Nigerians wait weeks to get dollars for personal travel allowance
Nigerians are finding it increasingly difficult to access dollars at the Central Bank of Nigeria’s official rate for eligible transactions...
IMF says forex premium in the black market limits the benefits of increased exports
The IMF has stated that improving trade balance is having a limited impact on Foreign Exchange (FX) strains...
A simple and factual explanation of Nigeria’s exchange rate dynamics
US Dollar in Nigeria is determined by the quantity of Dollars that flow into the country as well as the ...
Fuel scarcity: PENGASSAN says non-availability of FX to marketers responsible for crisis
PENGASSAN has claimed that the non-availability of FX at the CBN rate to marketers is largely responsible for the increase ...
