Tag: Foreign Exchange
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Petroleum sector has the solutions to Nigeria’s problems – Lokpobiri
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has opined that the Petroleum Sector in Nigeria had the solutions to the country’s problems...
CBN has discovered new foreign exchange scam amounting to $2.4 billion
The head of the Central Bank of Nigeria, Yemi Cardoso, said that law enforcers are looking into foreign exchange deals worth about $2.4 billion.
Cardoso...
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...
