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Tag "forex"

ALERT: Foreign airlines to increase fares over FX policy

    ALERT: Foreign airlines to increase fares over FX policy

The new forex regime will negatively affect flying passengers as tickets fare will go up, the association of foreign airlines representatives of Nigeria (AFARN) said on Monday. Kingsley Nwokoma, president

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FX policy pushes stocks to 2016 high as NSE adds N760bn in 48hrs

    FX policy pushes stocks to 2016 high as NSE adds N760bn in 48hrs

The new foreign exchange policy adopted by the Central Bank of Nigeria (CBN) appears to be impacting positively on the Nigerian Stock Exchange (NSE) as stocks hit a 2016 high. In

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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

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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

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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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