Nigeria Sells Dollars To Ease Backlog Trapping Foreign Funds
The Nigerian central bank has started to sell dollars to clear a backlog of demand for the greenback that has…
Day: September 4, 2020
UK Transport And Warehouse Chiefs Warn Of ‘Severe’ Brexit Border Disruption
Britain’s freight and logistics chiefs are demanding “urgent” talks with the UK government over Brexit border disruption, warning concerns are…
Virgin Atlantic Expands Network
Virgin Atlantic has announced that it would be adding five additional services from September 1, 2020 onwards. The airline said…
FX Turnover Spikes 140% At NAFEX Market As CBN Moves To Clear Backlog Of Demand
FX Turnover at the NAFEX market rose 140% to $92.1 million on Thursday as liquidity poured into the official Investor…
Sterling To Weaken By End-Year Before Regaining Lost Ground
Sterling will lose some of its recent gains against a weaker dollar as year-end approaches, hurt by Brexit uncertainty and…
Customs Rates Border Closure Successful
One year after the nation’s borders with her neighbours were shut under the aegis of a joint military and paramilitary…
CBN Forex Policy: Why Manufacturers Are Protesting
The Central Bank of Nigeria (CBN) has removed third parties or middlemen from its Secondary Market Intervention Sales (SMIS) forex…
Forex: CBN Sold $500m, Speculators Set To Count Losses
Central Bank of Nigeria CBN sold about $500 million to foreign investors on the spot and forward market to gauge…
Nigeria: Ogun, Lagos Seek To Take Over Lagos-Ota-Abeokuta Road From FG
The Ogun State Government has approached the Federal Government to request for authorisation to rehabilitate, reconstruct and commercialise the Lagos-Ota-Abeokuta…