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6 Uncomplicated Ways to Get Studying Fun

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Acestea sunt semne bune că vor oferi mult

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Naira falls N777 against dollar after CBN announcement
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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

  • March 6, 2022

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Oil and Gas

Tag: FOREX scarcity

Laptop dealers struggle amidst high costs, low demand
Tech

Laptop dealers struggle amidst high costs, low demand

Laptop prices have surged due to forex scarcity and high inflation, making it difficult for customers to cope with the increased costs. As a result, many prospective buyers turn away when they realize the prices are beyond their budgets, and as such the laptop market in Nigeria is facing tough times, with dwindling sales and […]

How forex scarcity affects fresh petrol imports - Report
featured

How forex scarcity affects fresh petrol imports – Report

Oil marketers who have been licenced to import fuel are currently experiencing issues getting cash and thus, the prospect of new petrol importation into the country may have been crushed. According to The Punch, sources reported that three of the enraged downstream enterprises were yet to source foreign exchange to purchase products. Even though six downstream companies […]

Flood: Gas scarcity looms as NLNG stops operations
Oil and Gas

Gas price hike imminent as forex scarcity persist

Owing to the lingering scarcity of dollars in the country, there are speculations that Nigerians might have to pay more for gas. According to The PUNCH, National Operations Controller, the Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi said independent importers were obtaining dollars from the illegal market, thus the price of gasoline would […]

Banks reduce forex sales as scarcity persists
Banking

Banks reduce forex sales as scarcity persists

Findings have revealed that Banks have started to limit Personal Travel Allowance and Business Travel Allowance clearance requests to legitimate users. According to The PUNCH, legitimate users will be able to access forex only once in two quarters. Before this new development, the banks had been approving travellers who applied once every quarter. Findings revealed […]

Trapped funds: CBN to give foreign airlines $150m
News

Abolish official exchange rate, BDC operators tell CBN

The Association of Bureaux De Change Operators of Nigeria has urged the Central Bank of Nigeria to float the naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in an interview with the News Agency of Nigeria in Lagos. Gwadabe said that the CBN should do […]

Aero Contractors suspends operations
News Ports and Airports

Establish aviation bank to save dying airlines, don tells FG

The Director, Centre for International Advanced and Professional Studies, Prof. Anthony Kila, has urged the Federal Government to establish a Bank of Aviation. The bank, he said, was necessary to make airlines have easier access to foreign exchange. Kila made this known at the League of Airport and Aviation Corespondents 26th Annual Conference, on Thursday. […]

Trapped funds: CBN to give foreign airlines $150m
Policy and Regulations

Over 50 companies shut down over forex, power crises

More than 50 Nigerian manufacturing companies have shut down in the last five years, according to investigations. Some of the manufacturing companies that have exited the industry in the last five years include: Surest Foam Limited, Mufex, Framan Industries, MZM Continental, Nipol Industries, Moak Industries, and Stone Industries. Others are: Solo Industries, Quick Born Industries, […]