Forex

Business & 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...
Business & 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...
Business & 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...
Business & Economy

Nigerian govt considers banning dollar black market

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