Forex

1 Minute

Business

Forex, market forces cause of petrol price hike— NNPCL

Akanji Philip September 6, 2024 0 Comment

The Nigerian National Petroleum Company Limited said the recent hike in the pump price of Premium Motor Spirit (Petrol) was influenced by Foreign Exchange and unrestricted free market forces. According to a statement...

3 Minutes

National

CBN Unveils Forex Scandals, Promises Swift Sanctions Amid Economic Challenges

Akanji Philip January 18, 2024 0 Comment

The Central Bank of Nigeria has uncovered infractions, gross abuses, and non-compliance with foreign exchange market regulations. Consequently, the apex bank vowed it would punish those responsible for these abuses in collaboration with...

2 Minutes

Local News

After 8-Years, Nigeria Lifts Forex Restrictions On Importation Of 43 Items

VAM News October 12, 2023 0 Comment

VAM News Update THE Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions it placed on the importation of 43 items eight years ago. In a statement released on Thursday, October...

1 Minute

Business

Yusuf: Forex volatility reason for shrink in Nigeria’s manufacturing sector

Akanji Philip August 8, 2023 0 Comment

The Director of the Centre for the Promotion of Private Enterprise, CPPE, Dr Muda Yusuf, said foreign exchange volatility impacted firms’ losses negatively. Yusuf, the former Director-General of Lagos Chamber of Commerce and...

1 Minute

Business Economy

EFCC invades Black market forex offices over Naira inflation

Agency1 November 1, 2022 0 Comment

Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. Premium Times reports...

2 Minutes

Business

BREAKING: CBN Stops Forex Sales To Bureau De Change Operators

VAM News July 27, 2021 0 Comment

The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, disclosed...