Forex Crisis Slows Operations For Maritime Truckers
As the effect of the high exchange rate bites harder, truckers operating in the nation’s maritime sector have lamented the reduction in activities at the ports.
The truckers, on Monday, said so far, the numerous challenges at the nation’s...
Forex Crisis, Insecurity Slash Capital Inflows By 23%
Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent.
Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is...
Petrol May Sell Above N340/litre, Marketers Plan Imports Amidst Forex Crisis
The pump price of Premium Motor Spirit, popularly called petrol, may go higher than the projected N340/litre in February 2022 when the Federal Government removes its subsidy on the commodity, oil marketers said on...
A financial expert has called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed on 41 items imported into the country.
Dr Uche Uwaleke, the Head of Banking and Finance Department, Nasarawa State University, Keffi, made the suggestion in an...
...Lawmakers demand sacking of Emefiele
Members of the House of Representatives were angry as they ordered an investigation into the scarcity of foreign exchange in the country.
The naira, which exchanged for N490 to the United States dollar last Thursday on the parallel market, was offered...
