forex

Dollar Shortage Poses Major Risks to Nigerian Banks – Fitch

Dollar Shortage Poses Major Risks to Nigerian Banks – Fitch

International rating organisation, Fitch Ratings has said that foreign exchange liquidity and dollar shortage pose significant risks to the ratings… Read More

4 years ago

Russia Scales up Foreign Exchange Reserves by $4.5 Billion in 1 Week

While Russia is a corruptly governed country with opaque institutions and weak economic policies, the Central Bank of Russia under… Read More

5 years ago

Petroleum Industry Bill Offers Chance to Bolster Nigeria’s Depleting Forex Reserves

Nigeria’s strained foreign exchange reserves could stir up a fund-raising drive that could force government to sell a stake in… Read More

5 years ago

Petroleum Subsidy: FGN-Labour Deal Impossible This Time

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has revealed that the NNPC incurred… Read More

5 years ago

CBN Expands Forex Abuse Investigations from Betting Firms to 55 Companies

The Central Bank of Nigeria (CBN) has teed off a forex probe into the activities of 55 firms and persons… Read More

5 years ago

Despite CBN Interventionist Strategies, Naira Exchanges for N462

The Nigerian Naira on Thursday continued its downward slope in recent days, as it exchanged for the dollars at N462… Read More

5 years ago

Despite Resumption of Forex Sales to Bureau de Change Operators, Naira Plunges

The Central Bank of Nigeria’s measures to address Nigeria’s naira continued plunge appears ineffective as the currency weakens further against… Read More

5 years ago

Bread Prices to Increase as Bakers Groan Over Forex

Nigeria’s forex crisis may soon impact on the prices of bread, one of Nigeria’s most popular staple food. Bread, a staple… Read More

5 years ago

Institute for Security Studies Says Naira Devaluation will Boost Agriculture Exports

Institute for Security Studies Says Naira Devaluation will Boost Agriculture Exports.  In an article for the Institute for Security Studies,… Read More

5 years ago

The Dollar Mallam: Thriving Amid Naira Devaluation in the Black Market

The Dollar Mallam Who Gets A lot of Customers After Naira Devaluation In this exclusive interview, we delve into the… Read More

5 years ago