According to Bismarck Rewane, a popular economist and the Chief Executive Officer of Financial Derivatives, Nigeria’s $1 trillion economy target under President Bola Ahmed Tinubu will not be possible in the next four to five years.
Forex: Turnover In I&E Declines By 46% To $1.4bn
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market fell by 46 per cent, month-on-month (MoM) to $1.4 billion in April 2023 from $2.6 billion in March.
This...
Forex Inflows Hit 19-month Low
Foreign exchange inflows into the official forex market have dropped to their lowest level in the past 19 months as investors remain unimpressed by the efforts of the Central Bank of Nigeria (CBN).
Foreign exchange (forex) inflows into the official Investors...
Petrol: Subsidy To Exceed $3.85bn Estimate
A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will...
