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Tag "forex"

Agora Policy to FG: Cancel domestic crude allocation to boost FX inflows, stabilise naira

    Agora Policy to FG: Cancel domestic crude allocation to boost FX inflows, stabilise naira

Agora Policy, an Abuja-based think tank, has urged the federal government to cancel the policy of budgeting for domestic crude allocation (DCA) to boost foreign exchange (FX) inflow and stabilise

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‘Prioritise FX allocation, cut number of BDCs’ — MAN advises FG on reviving manufacturing

    ‘Prioritise FX allocation, cut number of BDCs’ — MAN advises FG on reviving manufacturing

The Manufacturers Association of Nigeria (MAN) says the outlook for the production sector in 2024 may not be a positive one, especially in the first half (H1) of the year.

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CPPE to CBN: Intensify efforts to stabilise forex rate, address inflation

    CPPE to CBN: Intensify efforts to stabilise forex rate, address inflation

The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to intensify efforts to stabilise the foreign exchange (forex) rate and reduce pressure

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Dangote: We’ve repatriated over $687m through our Africa operations

    Dangote: We’ve repatriated over $687m through our Africa operations

Dangote Industries Limited (DIL) says over $687 million has been repatriated to the Central Bank of Nigeria (CBN), so far, through its pan-African operations. DIL disclosed this in a statement

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CBN begins clearing of FX forward backlog

  CBN begins clearing of FX forward backlog

The Central Bank of Nigeria (CBN) has started clearing the foreign exchange (FX) forwards backlog in banks. Payment commenced on

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JP Morgan: Naira to trade at N850/$ by year’s end | Oil firms shouldn’t sell FX to CBN

  JP Morgan: Naira to trade at N850/$ by year’s end | Oil firms shouldn’t sell FX to CBN

JP Morgan, a US multinational financial services firm, projected the naira would trade at about N850 to the dollar before

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‘Suspend multiple taxes, digitalise FX regime’ — 20 policy recommendations by Taiwo Oyedele’s tax team

  ‘Suspend multiple taxes, digitalise FX regime’ — 20 policy recommendations by Taiwo Oyedele’s tax team

On October 24, 2023, President Bola Tinubu directed the immediate implementation of recommendations in the ‘quick win report’ presented by

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Wale Edun: Nigeria expecting $10bn FX inflows in weeks

  Wale Edun: Nigeria expecting $10bn FX inflows in weeks

Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria is expecting $10 billion in foreign currency

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‘We’ll improve forex liquidity, restore market confidence’ — Tinubu assures Nigerians

  ‘We’ll improve forex liquidity, restore market confidence’ — Tinubu assures Nigerians

President Bola Tinubu says his administration is taking steps to improve foreign exchange liquidity and honour all legitimate foreign exchange

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Prospects of forex trading in Africa

  Prospects of forex trading in Africa

BY OLUMIDE ADESINA The forex market has long been a popular method for traders and investors around the globe to

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