Tag: Foreign Exchange
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FAAC foreign currency rate gain reaches N2.84 trillion by 2023
The Federal Accounts Allocation Committee (FAAC) foreign exchange (FX) rate gain for the federal, state, and local governments was N2.52 trillion last year.
The sum...
Shares of industrial products rise 96.4% following a surge in Dangote Cement
Investors have once more urged the government to find workable solutions to the foreign exchange (FX) crisis in Nigeria in order to prevent the...
Stakeholders demand incentives for foreign exchange-generating enterprises
To avoid company collapse caused by ongoing foreign exchange (FX) issues, operators have emphasized the necessity for the government to provide fiscal incentives to...
FX Adjustments Will Lead To Aggressive Domestic Input Sourcing
According to PwC's August Economic Outlook, a rapid depreciation of the naira and the ensuing rise in the cost of imports may drive many...
Buhari Receives Manufacturers, Promises Access to Forex
Nigeria’s President Muhammadu Buhari has assured manufacturers in the country that the federal government would take appropriate measures to improve access to foreign exchange...
