The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke to
Tag "Fx scarcity"
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
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
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
The Nigerian stock market started year 2020 on a good note, jumping 10.69 percent in the first three weeks, to
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