Chambers seeks access to FOREX for raw materials inputs
The Awka Chambers of Commerce and Industry, Mines and Agriculture (AwkaCCIMA) has decried the lack of access to foreign raw material inputs due to high cost of foreign exchange.
CBN optimistic of rates convergence at FOREX market– Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) says the apex bank is determined to see the convergence of rates at the foreign exchange market.
Oil marketers gets forex to import diesel, aviation fuel
The Nigerian National Petroleum Corporation, Subday, said the Central Bank of Nigeria, CBN, has released foreign exchange to oil marketers to import Automotive Gas Oil, AGO, and Aviation Turbine Kerosene, ATK.
Emefiele, CBN GOV, warns ‘We will ensure forex speculators lose money’
Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, attributed the pressures on exchange rate in the parallel market to illegal and criminal activities of some individuals.
FG tasks SON on repositioning SMEs for forex earnings
THE Federal Government, yesterday, challenged Standards Organisation of Nigeria (SON) to reposition companies in the Micro, Small and Medium Enterprises (MSMEs) sectors through quality certification of products in order to earn foreign exchange for the country.
Corruption, poor infrastructure, Forex, hinder refinery devt – Experts
INDUSTRY experts have identified some key factors inhibiting the establishment of new petroleum refineries in the country to include corruption, poor infrastructure, oil theft and economic instability associated with Foreign exchange (Forex) volatility.
