Guinness Nigeria Struggles to Repay Foreign-Currency Loans Amid Dollar Shortage.
Guinness Nigeria Plc, a subsidiary of Diageo Plc, is facing challenges in obtaining dollars to repay its foreign-currency loans despite ...
Tag: Forex Market
EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.
The Economist Intelligence Unit (EIU) has predicted that the pressure on Nigeria's currency, the naira, is likely to persist in ...
CBN To Intervenes in Forex Market, Expects Volatility to Moderate Soon- CBN Governor
The Central Bank of Nigeria (CBN) has announced its intervention in the foreign exchange market, aiming to address the current ...
LCCI Urges CBN to Remove Forex Restrictions on 43 Products.
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to eliminate foreign ...
BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.
Bureau de Change (BDC) operators in Nigeria are advocating for greater involvement in the foreign exchange market to ensure the ...
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.
The Central Bank of Nigeria (CBN) has given International Oil Companies (IOCs) the green light to resume the sale of ...
CPPE Urges Tinubu’s Administration to Mitigate Impact of Reforms.
The Centre for the Promotion of Private Enterprise (CPPE) has called on President Bola Tinubu's administration to swiftly implement measures ...
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