Dangote Refinery’ll Help Nigeria Save $10bn Forex — Ahmed   The Minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Sunday that the refinery being built by Dangote refinery in Lagos would help the country save $10 billion foreign exchange when completed. Ahmed, who...

In 8 Months, CBN Stabilises Naira With $25.68bn   The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year. The $25.68bn was arrived at by our correspondent based on analysis of the monthly...

‘Food Import Forex Ban Not Beneficial To Masses’   Economic and public policy analysts have said the foreign exchange restriction on food imports is not beneficial to the masses. These experts, while speaking at the fourth edition of the regulatory conversation, themed ‘Foreign exchange restrictions on food...

CBN Restricts Forex For Cassava Products Importation The Central Bank of Nigeria has said it will no longer provide foreign exchange for the importation of cassava, starch, ethanol and all other derivatives into Nigeria. The CBN Governor, Mr Godwin Emefiele, said this during a meeting with...

BDCs In ‘No Error Mode’ As FATF Visit Beckons   There is no doubt that a lot has happened with the Bureau De Change (BDC) segment of the nation’s foreign exchange (forex) market. They are regarded as the weakest link and most implicated, whether true or false...

Domesticating Satellite Tech Will Save Nigeria Billions In Forex, Says Expert Domesticating satellite technology will save Nigeria billions of dollars in foreign exchange, some experts have said. The experts who spoke yesterday at the opening ceremony of Centre for Satellite Technology Development (CSTD’s) week and...