Economist wants FG to fix oil sector to curtail high demand for FOREX
An Economist, Mr Titus Okuroumu, has appealed to the Federal Government to urgently fix the challenges in the oil and gas sector to curtail high demand for Foreign Exchange (FOREX).
Forex: CBN disburses $2.8bn in 2 months
The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy in the last two months of December 2016 and January 2017.
How FG can deal with $4bn forex demand shortfall — KPMG
KPMG, a global firm providing audit, tax and advisory services, has said that for the country to achieve foreign exchange stability and solve the issue of unmet demand which stands at about $4 billion there was need for fiscal discipline and strong monetary policies.
FG to cut fuel imports, grow Forex reserves with biofuels policy
The Federal Government, yesterday, said it is set to introduce a Biofuels Policy that would cut Nigeria’s fuel import by five per cent in the short term and up to 20 per cent in the medium, and which would also help grow the country’s foreign exchange earnings.
Forex: CBN queries banks
The Central Bank of Nigeria, CBN, has denied allegations of irregularities in the foreign exchange, forex, transactions among Deposit Money Banks, DMBs and insisted that process remains transparent.
Forex crisis: Expert calls on CBN to harmonise exchange rate
As forex crisis lingers to 2017 amid economic recession, experts in the financial sector are calling on the Central Bank of Nigeria (CBN), to harmonise exchange rate, to enhance stability in the foreign exchange market.
