President Bola Tinubu has allayed the fears of the business community, assuring that crucial plans are underway to improve foreign exchange liquidity.
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President Bola Tinubu has allayed the concerns of the business community, assuring them that crucial plans are underway to improve foreign exchange liquidity.
The Acting Executive Chairman of the Economic and Financial Crimes Commission, Abdulkarim Chukkol, disclosed this.
Successful traders approach the market with patience, discipline, and an eagerness to learn and react to changing market conditions
This change included re-introducing the “Willing Buyer, Willing Seller” model at the Import and Export window at the foreign exchange market
The Governor of the bank, Godwin Emefiele, revealed this in Abuja on Friday following the 364th Bankers’ Committee Meeting.
The passage of the bill followed the consideration of a report by the Committee on Agriculture and Rural Development.
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.
This was contained in a circular by Ibrahim Tukur for the Director, Financial Policy and Regulation Department.
As the COVID-19 pandemic has negatively impacted crude oil prices, leading to significant decline in government revenues and foreign exchange earnings, it has become expedient now more than ever before to diversify and create new trade opportunities for Nigerians.
Olaniyan made the remark on Tuesday during a training programme organised by NIHORT in Ibadan on pineapple production for unemployed youths and women.
According to the apex bank, forex cash lodgements into domiciliary accounts can only be done by the account owners henceforth
Sources in the CBN linked the companies and individuals to foreign exchange deals outside the official Investors & Exporters (I&E) window.
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.
Mansur Ahmed, MAN President, made this remark in a report made available to newsmen on Friday in Lagos.
Stella Ojekwe-Onyejeli, the Executive Director and Chief Risk Officer at NSIA, disclosed this at a virtual news briefing on Friday in Abuja.
The apex bank gave the explanation in a statement on Thursday in response to the stories making the round on the impending devaluation of the Naira
The Central Bank of Nigeria on Friday made interventions in the Retail Secondary Market Intervention Sales of the Foreign Exchange market totaling $271.83 million and CNY41.14 million.
The Minister of Transportation, Rotimi Amaechi, says the new Nigerian Ports Authority Simulation Centre will help conserve foreign exchange expended on manpower training overseas.
The Central Bank of Nigeria has again made interventions in the Retail Secondary Market Intervention Sales of the Foreign Exchange market totaling $279.13 million and CNY 46.92.