FX scarcity
24 Jan
Stakeholders have lamented that the reduction in importation caused by scarcity of foreign exchange and the hike in import duty has affected clearing jobs and the ability of traders to remain in business.
24 Nov
A series of unfavourable factors are contributing to the stunted growth experienced by the manufacturing sector. Specifically, FX scarcity, naira depreciation, high-interest rates and cost of raw materials, multiple taxations from state and non-state actors...
24 Oct 2023
• Eight out of 94 licensed marketers deliver 251,000 MT in four months Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that domestic consumption of Premium Motor Spirit (PMS) dropped to 33.58 per cent from 66.7 million litres per day recorded before deregulation. Authority Chief Executive, Farouk Ahmed, revealed this in his keynote…
15 Aug 2023
The Nigeria Labour Congress (NLC) and its civil society allies have threatened to embark on immediate industrial action if the pump price of petrol is increased from its current N617 per litre
30 Jun 2023
Lack of access to foreign exchange and continued depreciation of naira, among others have triggered high costs of operations for insurance operators last year.