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Tag "forex"

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 Wednesday, a source in the apex bank told TheCable while

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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 the end of 2023. The financial institution made the projection

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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 the presidential fiscal policy and tax reforms committee. The panel,

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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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AON seeks dedicated FX support line, licence to import, distribute aviation fuel

  AON seeks dedicated FX support line, licence to import, distribute aviation fuel

Domestic aviation firms under the aegis of the Airline Operators of Nigeria (AON) say the federal government should allow them

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Lecturers studying abroad on TETFund grants seek bailout amid forex fluctuations

  Lecturers studying abroad on TETFund grants seek bailout amid forex fluctuations

The Tertiary Education Trust Fund (TETFund) says it has proposed an increase in the rates of living expenses for scholars

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Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

  Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

Tope Fasua, the special adviser to President Bola Tinubu on economic affairs, has called for a structural reform of Nigeria’s

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