'High Cost of Cooking Gas Due To FX Scarcity, Inadequate Infrastructure'   Founder and Chief Executive Officer of Hyde Energy Limited, a downstream oil and gas company, Mr. Oladimejj Edwards, has attributed the high cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, to...

The broad effects of low oil prices and production disruptions, which have resulted in a significant reduction of foreign exchange earnings, have raised concerns about some banks’ ability to honour their Eurobond obligations upon maturity. Some of the offshore funds that were raised by the...

Lack of access to foreign exchange is killing telecommunications business in Nigeria and may soon put the sector in serious jeopardy if the Federal Government fails to address the issue, the telecoms operators in the country have cried out. The Association of Licensed Telecommunications Operators...

As the crisis surrounding access to foreign exchange exacerbates, foreign airlines operating in Nigeria have in excess $575 million, as at the end of March 2016, stocked at the Central Bank of Nigeria (CBN), the International Air Transport Association (IATA) has revealed. Mr Hussein Dabbas,...