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.
Forex: We get credit facility from outside investors – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it gets credit line from outside investors to access foreign exchange to import petroleum products in the country.
Forex: Importers abandon consignments at ports
Importers are abandoning their consignments at ports across the country, following devaluation of the Naira that has made it unprofitable for them to clear their goods.
Nigeria must look inward to overcome Forex challenges – Ambode
Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday expressed optimism that the foreign exchange crisis plaguing the country which has resulted in Naira depreciating considerably low against the Dollar is solvable, but that the country must look inward and start to embrace massive local manufacturing of products and local ownership of businesses.
I’ll name those behind forex crisis if…, says Ifeanyi Ubah
The Managing Director, MD, of Capital Oil and Gas, Dr. Ifeanyi Ubah, yesterday, followed up his claim to a magic wand that would firm the Naira to an exchange rate of N200==$1 within 30 days, with fresh claims that he knew those behind the current foreign exchange crisis facing the nation and was ready to name them publicly.
Investors should look beyond distractions of forex crisis — Peterside
Investors looking to invest in Nigeria should look beyond the distractions from the current foreign exchange situation in the country in order to make better and profitable long term decisions, says the chairman of Stanbic IBTC Holdings Plc, Mr. Atedo Peterside
