Forex: Turnover in I&E up by 46% to $8.2bn in Feb
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market grew by 46 per cent, month-on-month, to $8.2 billion in February from $5.6 billion in January, 2020.
Discordant tunes trail Buhari’s FX directive on food importation
He cuts the image of a happy man; a leader who defied the odds to deliver on sundry areas where his predecessors failed. To him, the journey to the realization of a new Nigeria has commenced, with the vehicle set to take Nigerians to the Next Level, now on full throttle. The above reflects President Muhammadu Buhari’s rating of his stewardship in the past four years, which in his words, has the trappings of a success story.
Why we stopped forex for food import — Buhari
President Muhammadu Buhari has said the directive to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security.
Forex: Turnover in I&E rises by 38% to $4bn in July
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 38 percent, month-on-month, to $4.12 billion in July from $2.9 billion in June, 2019.
CBN’s renewed push for jobs, forex savings in milk industry
I CAN’T meet my demands anymore and even those not on our bills are begging us to supply them, even from as far as China. So, we are saving Nigeria a lot of foreign exchange. So, the restriction on forex is good for the local industry because we are now being pushed to do more.”
Forex: I&E window records $29.6bn turnover in H1’19
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market dropped marginally to $29.62 billion in the first half of 2019 (H1’19).
