Similarly, analysts at Financial Derivatives Company, FDC, led by Bismarck Rewane, said, “The foreign exchange market will remain volatile in the short term as market expectations...
An exchange rate of N781 to the dollar was the highest rate recorded within the day’s trading before it settled at N756.61.
Agriculture remains the sector for low hanging fruits in increasing exports. However, insecurity is critically reducing agricultural productivity and it has to be fought to a...
These policy changes aim to promote transparency, liquidity and price discovery in the FX market in order to improve FX supply, discourage speculation, enhance customer confidence...
An exchange rate of N476 to the dollar was the highest rate recorded within the day’s trading before it settled at N464.67.
NASCON reported 84 per cent growth in its 2022 profit after tax; from N2.97bn to N5.47bn. Turnover was on the upswing too, increasing from N33.28bn to...
Yuguda expressed optimism that the scarce forex situation would not be a permanent one and he hinged his optimism on some economic developments including the Dangote...
It stated: “Foreign exchange inflow through the Bank increased by 24.3 per cent to $2.00 billion, from US$1.61 billion in October, while outflow rose by 8.6...
On the forex subsidy, he said: “Over the years the exchange rate assumptions in the appropriation acts were grossly and deliberately understated, leading to loss of...
He claimed it has been challenging for businesses in the country but the organised private sector hoped that things would change before businesses give in to...