Central Bank of Nigeria Extends Timelines for Letters of Credit
In response to ongoing challenges posed by foreign exchange scarcity, the Central Bank of Nigeria (CBN) has announced an extension ...
Tag: forex scarcity
Naira to Hit N1068/$ by 2025 – EIU
The Economist Intelligence Unit (EIU) has forecasted a weakening of Nigeria's official exchange rate to N1,068.3/$ by 2025, citing ongoing ...
Sugar Price Hits N835,400 per ton.
Nigeria is witnessing a dramatic surge in sugar prices as a confluence of factors, including increased demand, unfavorable weather conditions, ...
Nigerian Airlines Grapple with Forex Scarcity Leading to Grounded Aircraft
Nigerian aviation industry is facing a significant crisis as over 40 aircraft from domestic airlines are currently grounded, both abroad ...
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