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Tag "forex"

Finally, CBN to release new forex guidelines on Wednesday

    Finally, CBN to release new forex guidelines on Wednesday

The Central Bank of Nigeria (CBN) says it will release new foreign exchange guidelines on Wednesday, June 15, 2016. The apex bank took to its Twitter account to make the

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Naira now 507 to £1 as dollar remains stable at N350

    Naira now 507 to £1 as dollar remains stable at N350

The naira weakened further against pound sterling as it exchanged at N507 to the pound from N500 it traded on Friday, while the dollar traded at N350, maintaining its value since

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5 ways Buhari has ‘changed’ doing business in Nigeria

    5 ways Buhari has ‘changed’ doing business in Nigeria

President Muhammadu Buhari, the man who made history as the first leader to oust a sitting Nigerian president via democratic means, has seen what it means to lead a peculiar

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FX hurts Fidelity’s earnings but assets increase

The current foreign exchange policy has adversely impacted Fidelity Bank Plc’s gross earnings, with a decline of N4.2 billion in forex income. The bank’s financial result for the first quarter

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Q&A: Why fuel scarcity may not end so soon

In line with TheCable’s policy to deliver knowledge-driven journalism, we have collated some of the questions frequently asked by Nigerians on

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Oil companies ‘provide forex’ to end fuel scarcity

  Oil companies ‘provide forex’ to end fuel scarcity

Ibe Kachikwu, minister of state for petroleum, says he has been able to convince some international oil companies to provide

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Buhari ‘sold his property’ to get his child forex

  Buhari ‘sold his property’ to get his child forex

Femi Adesina, special adviser to President Muhammadu Buhari on media and publicity, says the president sold his property to access foreign

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Forex scarcity grieves me, says Buhari

  Forex scarcity grieves me, says Buhari

President Muhammadu Buhari has assured manufacturers in Nigeria, that the current foreign exchange scarcity is painful but temporary. The president

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Despite ‘forex hit’, Lafarge’s revenue up 2%

  Despite ‘forex hit’, Lafarge’s revenue up 2%

Lafarge Africa Plc, a leading cement and building company, says it recorded a 2% increase in revenue despite the current foreign exchange

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NUPENG: Fuel scarcity will persist without forex

  NUPENG: Fuel scarcity will persist without forex

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) wants the Nigerian National Petroleum Corporation (NNPC) and the Central

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