2024 budget: How we picked N800 to dollar exchange rate —FG
The Federal Government said yesterday it was conscious and strategic never to base the foreign exchange benchmark in the 2024 budget on a spot rate to avoid eventualities and uncertainties.
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Reps to investigate use of dollar, other foreign currency as legal tender in Nigeria
The House of Representatives on Tuesday mandated the Committee on Banking Regulation to investigate the use of the United States Dollar and other foreign currencies as legal tender for domestic transactions in Nigeria.
Naira loses, exchanges at N756.21 to the dollar at investors, exporters window
The naira on Wednesday depreciated against the dollar as it exchanged at N756.21 at the Investors and Exporters window.
Currency outside banks rises 4% to N2.29trn
Currency Outside Banks, CoB, rose Month-on-Month (MoM) by N90 billion or 4.09 percent to N2.29 trillion in August from N2.2 trillion in July 2023.
Manufacturers incur heavy losses as forex crisis, inflation bite harder
“Almost all raw materials, machinery, equipment and their spare parts used for production in Nigeria are imported”
ABCON seeks merger of BDCs not industry recapitalization — Gwadabe
The Association of Bureaux De Change Operators of Nigeria (ABCON) is pushing for mergers in the Bureaux De Change (BDC) sector, rather than recapitalization.
