Forex Crisis
20 Mar
Edo State Governor, Mr Godwin Obaseki, has said the Federal Government can foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigerian products.
14 Mar
National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Kelvin Oye, has warned that while the immediate effect of the devaluation of the naira on exports may be positive, the broader implications are multifaceted, especially, trade.
19 Feb
A group of constitutional lawyers, led by Yusuf Ahmed Tijani, has emerged as staunch defenders of former CBN Governor Godwin Emefiele, denouncing accusations of economic mismanagement during his tenure as "baseless" and politically motivated. In a statement released on Monday, the lawyers condemned Senator Godswill Akpabio's recent criticism of Emefiele, labeling it a "childish attempt"…
7 Dec
A global leader in consumer goods, Procter & Gamble Nigeria is the latest casualty of Nigeria’s harsh operating environment, as the company, yesterday, announced that it was transitioning local operations to an import-only model, effectively dissolving its on-ground presence in the country
26 Nov
One hundred and sixty seven days after taking the rein of Nigeria’s political leadership, Nigerians are still awaiting President Bola Ahmed Tinubu’s magic wand to boost local production of goods as well as their consumption and save the country from the seemingly endless foreign exchange crisis that has pushed inflation rate to 27.33 per cent…
18 Oct
Robert Dickerman is the Chief Executive Officer of Pinnacle Oil & Gas Limited. In this interview with Waliat Musa, he speaks on a wide range of issues in the downstream segment of the Nigerian oil and gas industry. Excerpts What is your take on pricing, investment and infrastructure in the downstream petroleum industry in Nigeria? The issues are…
21 Aug 2023
Policy inconsistencies of the Central Bank of Nigeria (CBN) continued unabated at the weekend with the reinstatement of Bureau de Change (BDCs) operators in the bid to stabilise the foreign exchange (forex) market.