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Focusing on Diaspora remittances is not bad as we have seen countries like India and Bangladesh generate and support their local economy with this source of fx revenue.
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Governor Godwin Obaseki has said the new Edo State audit law was to deepen accountability and transparency and make government agencies more accountable.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the naira.
For companies listed on the nation’s bourse to improve productivity and make some reasonable level of recovery post-pandemic, experts have charged their directors to streamline business operations
The new foreign exchange (FX) sale template faces a major test, as naira took a major plunge in the last 72 hours. The weeklong crisis at the parallel market worsened, yesterday...
The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians...
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel market. At the weekend, the naira retreated to about N498/$ at the black market from 490/$ it sold on Thursday.
The International Monetary Fund (IMF) has called for the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) window for official transactions as well as the unification of all rates to achieve
The foreign exchange crisis in the country may worsen soon, as anti-market schemes, speculation and hoarding, have taken firmer hold in the market, The Guardian has learnt.
It is the norm to hear talks around the need for convergence in Nigeria’s foreign exchange (FX) markets. This implies that there is mispricing. Historically, this mispricing has always been
Attaining N1 trillion yearly market turnover by the Bureaux de Change (BDCs) has reinforced their relevance to the economic growth of the country. The President of the Association of Bureaux De Change
The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares...