The Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol. According to Reuters on Monday, three sources confirmed the development. The debt is
Tag "forex"
The federal government says it has plans to start issuing domestic foreign currency-denominated bonds from the second quarter (Q2) of 2024. According to Reuters, Wale Edun, minister of finance and
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
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.
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to intensify efforts
Dangote Industries Limited (DIL) says over $687 million has been repatriated to the Central Bank of Nigeria (CBN), so far,
The Central Bank of Nigeria (CBN) has started clearing the foreign exchange (FX) forwards backlog in banks. Payment commenced on
JP Morgan, a US multinational financial services firm, projected the naira would trade at about N850 to the dollar before
On October 24, 2023, President Bola Tinubu directed the immediate implementation of recommendations in the ‘quick win report’ presented by
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria is expecting $10 billion in foreign currency
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