foreign exchange

Foreign Exchange Rate: Reps urge support for Tinubu’s govt

Foreign Exchange Rate: Reps urge support for Tinubu’s govt

… reject motion to stabilize rate …say market forces at play By Levinus Nwabughiogu, Abuja Some members of the House of Representatives at Wednesday plenary called for more time and support for the President Bola Ahmed Tinubu led government to fix the economy.  The appeal from the members followed the consideration of a motion on […]
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Let every company source its own foreign exchange

Let every company source its own foreign exchange

Last week, I wrote on this column that Nigerians’ penchant for foreign goods has continued to put pressure on the nation’s external reserves and the exchange rate. In the article, I asked for how long the CBN will continue to defend the naira. Some readers wrote in to say that the article was more of a question and did not suggest solution.