Forex: Calm returns as CBN surpasses operators’ demand
Efforts by the Central Bank of Nigeria, CBN, to ensure stability in the foreign exchange market seem to have started yielding results, with indications of excess forex liquidity in the market.
FG needs framework for liquidity of forex market in 2017 — LCCI DG
The Small and Medium Enterprises (SMEs) suffered high electricity bills by power distributing companies. Aviation sector had its share of challenges of scarcity of aviation fuel, which caused frequent flight delays and cancellations. The impact of recession was very evident in maritime sector
Forex rubbishes N304bn Health budget for 2017
Due to continuous depreciation of Naira to other foreign currencies, stakeholders in the health sector have raised an alarm over inadequate budgetary provision of N304 billion for the Federal Ministry of Health in the 2017 national budget.
Forex policy, exchange rate concerns dominate outlook for 2017
2017 will be a make or break year for Nigeria. Growth is and will be a function of oil output and market efficiency. Corruption, waste and inefficiency will remain a drag on government expenditure
Manufacturers get 48 % of forex
The access to foreign exchange by the manufacturing sector, as a priority has been established with the sector receiving 48 per cent of the forex allocation this month.
60% forex allocation to manufacturers, a hoax – MAN
MANUFACTURERS Association of Nigeria, MAN, described yesterday, Central Bank of Nigeria’s approval of 60 percent foreign exchange allocation to manufacturers to bring in their raw materials, plants and machinery, as a hoax.
