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Tag "forex"

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 challenges. The company said its revenue reached N267 billion “in

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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 Bank of Nigeria (CBN) to source foreign exchange for oil

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Buhari bans forex to Nigerian students abroad

    Buhari bans forex to Nigerian students abroad

President Muhammadu Buhari has finally declared that the country cannot afford to allocate foreign exchange to Nigerians who are schooling or hope to school abroad. At the presidential media chat

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For once in 5 months, Nigeria’s reserves rise

    For once in 5 months, Nigeria’s reserves rise

Nigeria’s foreign exchange reserves has risen for the first time in five months and the second time since President Muhammadu Buhari assumed office. According to the latest data from the

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Peterside: FX policy taking toll on economy

  Peterside: FX policy taking toll on economy

Atedo Peterside, chairman Stanbic IBTC Holdings Plc, says the foreign exchange policy adopted by the federal government under the leadership

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Forex for schooling, medicals still on, says CBN

  Forex for schooling, medicals still on, says CBN

The Central Bank of Nigeria (CBN) says it has not stopped the allocation of foreign exchange to Nigerians who need

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CBN ‘will soon end’ forex for schooling, medicals

  CBN ‘will soon end’ forex for schooling, medicals

The Central Bank of Nigeria (CBN) says very soon, it would no longer give foreign exchange to Nigerians seeking to

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No road back for the emerging market currencies

  No road back for the emerging market currencies

The current outlook for the emerging market currencies is extremely weak and the chances are very limited for a meaningful,

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Dangote: No more importation of petrol once my refinery is ready

  Dangote: No more importation of petrol once my refinery is ready

Aliko Dangote, president of Dangote Group, has assured Nigerians that when his refinery is ready, the country would no longer

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Weaker oil prices, slightly stronger naira… Nigeria’s economy on first trading day

  Weaker oil prices, slightly stronger naira… Nigeria’s economy on first trading day

The first trading day of 2016 came to an end with the Nigerian economy standing firm against reports of woes

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