Weak consumer protection keeps cement prices high
While costs of input appear a good alibi for cement manufacturers and dealers to justify high costs of the commodity, regulatory lapses in checking price gouging in the value chain...
FOREX scarcity stifling volume of importation
Port operators, especially importers and licensed agents, have expressed worry that the scarcity of foreign exchange (FOREX) is stifling the volume of cargoes entering the country.
Multinationals: Dollar shortage raises fear of takeover by foreigners
As manufacturers grabble with difficulties in accessing dollars to pay for imports of raw materials and machinery and as lingering foreign exchange scarcity takes its toll...
47 IMTOs get approval to operate in Nigeria
The Central Bank of Nigeria (CBN) has approved 47 companies to operate as international money transfer operators (IMTOs), an effort interpreted as a move towards breaking the historical dominance
Firm reassures investors of getting back funds
MBA Capital and Trading Investment Limited, a forex training and capital investment company, has reiterated its commitment to pay back investors' capital funds
Okonjo-Iweala says WTO is concerned about Nigeria's forex management
World Trade Organisation director-general Ngozi Okonjo-Iweala said the organisation is concerned about how Nigeria is managing its foreign exchange. “The WTO is concerned about foreign exchange, the way we manage it and how we use it to support manufacturing, export and import in our economy, ” Okonjo-Iweala told reporters after meeting with President Muhammadu Buhari…
4 Technology Breakthroughs In Nigeria In 2020
The Year 2020 had both its downsides and upsides. As we all know, this year had the first quarter, the pandemic plus lockdown and December. As the poverty capital of the world, it was one the toughest times to be Nigerian, but even from the struggles are born better ways to do things; innovations, although…
We must discontinue dependence on crude oil for public revenue, forex – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue with heavy dependence on crude oil to guarantee public revenue and foreign exchange. Emefiele made the call on Saturday in Abuja at the prize presentation ceremony to mark the end of the 2020 CBN…