OPERATORS and analysts in the financial market have warned the Federal Government against discouraging foreign investment in the country following the continuous drop in Foreign Portfolio Investment, FPI, which fell to N24.41 billion in the month of September this year.

Ans: It is not appropriate in the first place for CBN to either define the exchange rate or to determine what rates are applicable in the market. The wide disparity between official and parallel market rates is the result of CBN’s reluctance to relinquish its oppressive monopoly on the foreign exchange market. Invariably, monopolists will distort market prices in any sector.

MICRO entrepreneurs in the country have lamented continuous rise in the cost of inputs such as production materials and chemicals.

The Federal Government, said yesterday, the Export Expansion Grant (EEG) scheme it suspended in 2014, will be resume in 2017 by including it in the budget.

The Lagos Chamber of Commerce & Industry (LCCI) has called on the Federal Government to emplace a new Ministry of Aviation and Tourism.