Tag: Foreign Exchange
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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%...
FG will raise $10 billion to increase foreign exchange liquidity and stabilize the currency
The federal government of Nigeria has declared intentions to raise a maximum of $10 billion as part of immediate preparations to bolster the value...
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...
