FOREX Archives

Jet A1 hike threatens airlines' existence - Ibom Air COO

Airlines, oil marketers disagree over JET-A1 price

Nigerian airline operators are currently at loggerheads with oil marketers over the rising prices of JET-A1, also known as aviation fuel. While marketers have defended the price, which is as high as N600 per litre, airlines have insisted that it is too high, accusing marketers of exploitation. As a result, airlines have threatened to shut […]

agencyreport
20th May 2022
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News

Bakers hike bread price again, cite forex crisis, others

Bakers under the aegis of the Premium Breadmakers Association of Nigeria have said they will increase the price of bread, effective Monday (today). The President of the association, Emmanuel Onuorah, who made the disclosure in an interview with our correspondent on Sunday, said the increase became inevitable due to soaring costs of operations. He said, […]

agencyreport
25th April 2022
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234 Views

Trapped funds: CBN to give foreign airlines $150m

Economy

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, our correspondent has learnt. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria. The development comes over […]

agencyreport
23rd March 2022
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185 Views

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Tag: FOREX

Airlines, oil marketers disagree over JET-A1 price

Bakers hike bread price again, cite forex crisis, others

Massive job cut looms as dollar hits N590

Tinubu appoints Ibrahim Ida as CAC chairman

FG unveils report to boost MSME access to.

Trump threatens to target Iran’s energy network if.

12 tonnes of KitKat chocolates stolen in Italy

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