Forex

Economy

Naira’s fall continues as CBN releases another $500 million for forex backlog

Plu Team -
The Central Bank of Nigeria (CBN) says it has released $500 million to various...
Companies

Cadbury Nigeria gives parent company more stake to settle dollar debt

Jane Kalu -
Nigeria's foreign exchange crisis is forcing a major sweet maker to take bitter medicine. Cadbury...
Economy

Naira resumes decline as CBN faces more FX backlog

Plu Team -
The naira weakened on Wednesday despite efforts by the central bank to clear a...
Economy

Why naira is suddenly gaining against dollar

Plu Team -
The injection of dollars into the Nigerian foreign exchange market and the central bank’s...
Economy

Nigerian govt considers banning dollar black market

Olawale Afolabi -
The Nigerian government is considering making it illegal to trade in the foreign exchange...
Economy

Textile, maize importers can get forex as CBN unbans 43 items (See full list)

Plu Team -
The Central Bank of Nigeria has lifted a ban on 43 items that were...
Economy

Minister blames naira fall on $6.8bn forex payment backlog

Plu Team -
Finance minister Olawale Edun says Nigeria has to clear a $6.8 billion backlog of...
Economy

Naira at record low on black market, inches closer to 1000 to dollar

Olawale Afolabi -
Naira fell to a record low on the black market on Wednesday, edging closer...
Companies

Olam confirms paying bond for Nigeria director over forex case

Olawale Afolabi -
Agricultural commodities trader Olam Group has confirmed it paid a bond to secure the...
Companies

PZ Cussons confirms it’s delisting Nigeria unit amid forex woes

Olawale Afolabi -
Consumer goods maker PZ Cussons has confirmed it plans to delist its Nigeria unit...
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