Browsing: Foreign Exchange

The company, in its response to a publication in The Punch newspaper of 29th August 2021 entitled ‘How high cost of cooking gas leaves Nigerians with deadly alternatives’, said in a statement that the increasing price of cooking gas is a combination of factors, including Value Added Tax, Foreign Exchange, among others.

Prior to CBN’s renewed intervention in the I&E window on August 31, 2020, the Naira exchanged for as high as N480 to the dollar, prompting fears that the Naira was in a free fall.

CBN

In a statement on Tuesday in Abuja, he said 100 million dollars was allotted to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment got 55 million dollars.

CBN

According to him, the bank, in its desire to meet customers’ needs, offered 100 million dollars to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment got 55 million dollars.