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Tag "Fx scarcity"

‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

    ‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will go after persons and organisations hoarding foreign currencies, especially dollars, across the country. According to

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CBN warns banks hoarding FX, says managed float policy stands

    CBN warns banks hoarding FX, says managed float policy stands

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says a complaint desk has been created for customers to report deposit money banks (DMBs) hoarding forex. He disclosed this

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Unresolved security challenges, FX scarcity, high import cost worsen Nigeria’s inflationary pressure

    Unresolved security challenges, FX scarcity, high import cost worsen Nigeria’s inflationary pressure

The National Bureau of Statistics (NBS), on Tuesday, released the inflation report for February with the headline rate surging from 16.47 per cent in January to 17.33 per cent. In

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Dollar scarcity, all-time high market cap… trends that shaped the equities market in 2020

    Dollar scarcity, all-time high market cap… trends that shaped the equities market in 2020

The Nigerian stock market started year 2020 on a good note, jumping 10.69 percent in the first three weeks, to emerge as the global best performer. Issues such as lack

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