Forex, reputation issues bane of capital inflow into Nigerian businesses
International investors and stakeholders have attributed businesses’ inability to attract foreign capital needed for growth to Nigeria’s image problem, and challenges
Construction costs rise on forex imbalance, logistics
Rising inflation, imbalance in foreign exchange rates and high-interest rates will continue to affect construction costs in the country, experts warn.
‘Many factories may shutdown over outstanding forex obligations’
With the Central Bank of Nigeria (CBN) adjusting the foreign exchange rates in a move to have a uniform rate for the Naira, local manufacturers have warned that many factories may shut down
Rising COVID-19 cases, unfavourable policies drag NSE's index by 1.99%
The Nigerian Stock Exchange (NSE) suffered another week of losses, amid rising COVID-19 cases, and the persisting foreign exchange (forex) illiquidity in the market.
How speculators undermine efforts to sustain naira stability
The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food importation
‘Why government should involve local producers in BIP policy formulation’
Nigerian manufacturers have urged the Federal Government to involve the private sector in the crafting and implementation of adjustment frameworks as part of efforts to deepen...
‘Forex interventions impacting backward integration negatively’
The Manufacturers Association of Nigeria (MAN) has stated that the average performance of local raw-materials utilization among operators in the country is due principally to poor access to credit
Specialists, association suggest ways to make cocoa highest forex earner in Nigeria
Cocoa Farmers’ Association of Nigeria (CFAN), breeders and administrators have challenged the government to revive cocoa production as a top foreign exchange earner with proactive interventions.