Tag: Foreign Exchange
Browse our exclusive articles!
Ease as CBN eventually eliminates the entire legitimate FX backlog
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs, processing claims totaling US$7...
Nigeria can increase foreign exchange inflows through investment migration
Experts have stated that Nigeria has chances to boost foreign investment inflows to lessen its difficulties with foreign exchange liquidity as a result of...
Foreign investors remain cautious as Cardoso bids for hot money inflows
According to data released by the Nigerian Exchange (NGX), foreign involvement in the Nigerian equity market fell to 8.15% in January 2024, down from...
MTN Nigeria loses N740 billion in foreign exchange, wiping away shareholder funds
In contrast to a pre-tax profit of N518.8 billion the previous year, MTN Nigeria Plc has declared a loss before taxes of N177.8 billion....
Cost of clearing imports increased by 93% when the naira declined
Since the federal government's foreign exchange reform went into effect eight months ago, customs charges paid on imported products have increased by almost 93%...
