In the short and medium term, the managers of our economy having flaoted the FX market in order to increase FX supply should also prioritize FX...
He said other measures taken include the removal of the allowable limit of the exchange rate quoted by IMTOs to liberalise further the Nigerian foreign exchange...
Mr. Cardoso revealed that imports requiring dollars amounted to $16.65 billion in 1980 but that, “by 2014, the annual import expenditure had significantly surged to $67.05...
In his presentation before the lawmakers, the Minister of Budget and National Planning, Senator Atiku Bagudu said: ‘’The ministry has a mandate for budget and national...
“The result that came out of this was startling in a great respect; it was quite startling. We discovered that of the roughly $7 billion, about...
The consequences are not theoretical. The price of cement has jumped through the roof. It increased 20% in the last week. Food prices have skyrocketed. Drugs...
By reining banks and fintechs from international money transfer services, the CBN is strategically manoeuvring to fortify the currency and stabilise the forex market. This bold...
Speaking in a similar vein, former Executive Secretary of the Nigerian Shippers Council, Mr. Hassan Bello, said that the velocity of the exchange rate is affecting...
Reiterating the assurances of the Governor, Mr. Olayemi Cardoso, Sidi Ali said the CBN had begun implementing a comprehensive strategy to improve liquidity in the Nigerian...
Commenting on this development, Bagudu stated: “We chose democracy, and democracy has opportunity cost. We have seen budget shutdowns in advanced democracies, particularly the US, because...