Foreign exchange Archives

Consumers switch to used gadgets as FX crisis worsens tech adoption

The protracted foreign exchange (FX) crisis has found expression in computer hardware and software, cutting consumer electronics importation by as much as 45 per cent.

4 months ago

National·News·Nigeria

GTB Ghana addresses FX licence suspension

In response to the suspension of Guaranty Trust Bank (GTB) Ghana's Foreign Exchange (FX) trading license by the Central Bank of Ghana, the bank has assured customers and stakeholders of ongoing efforts

4 months ago

Business·Business News

GTB Ghana addresses FX licence suspension

In response to the suspension of Guaranty Trust Bank (GTB) Ghana's Foreign Exchange (FX) trading license by the Central Bank of Ghana, the bank has assured customers and stakeholders of ongoing efforts

4 months ago

Business·Business News

Customs’ N5tr target threatens trade, heightens price crisis

The frequent hikes of the import duty rate may have triggered a major crisis at the Nigerian ports as an increasing number of Nigerian importers are routing their cargoes to Tema, Ghana;

4 months ago

National·News·Nigeria

Naira drops to new all-time low at black market, trades at N1,730/$

The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to N1,730 per dollar. The naira fell by 8.13 percent from N1,600/$ recorded

5 months ago

National·News·Nigeria

Analyst sees inflation at 30.34 per cent in February

Consumer price level is projected to settle at 30.34 per cent year-on-year (y/y) in February 2024. According to analysts at Cordros Capital Research, the impact of the heightened conflicts in the North

5 months ago

Business·Business News

Nigeria and a runaway economy

Akin to a runaway chemical reaction whose kinetics and results are uncontrollable, Nigeria is contending, metaphorically, with a runaway economy, in topsy-turvy, characterised by foreign exchange volatility and attendant inflationary pressure on

5 months ago

Columnists·Opinion

Import duty FX rate raised 4th time in Feb, now N1,444.56/$

For the fourth time in one month, the benchmark foreign exchange (FX) rate for computing import duties has been raised to N1,444.56/$. The rate was adjusted on February 2 to N1,356.883/$ and

5 months ago

Business·Business News

CBN frantically tightens noose on banks’ FX operations, speculators

Going forward, all deposit money banks (DMB) are to disclose their positions on foreign exchange (FX) holdings and draw it down to not more than 20 per cent short of their shareholders’

5 months ago

National·News·Nigeria

Operators want govt to prioritise security, others as FPI dips by 94.5%

Fears around Nigeria’s worsening insecurity, foreign exchange (FX) and other macroeconomic challenges have continued to impact the participation of foreigners in the local economy as total foreign portfolio investments ..

5 months ago

Business·Business News

Foreign exchange - Page 3

Foreign participation in Nigeria’s stock market dips to 11%

Consumers switch to used gadgets as FX crisis worsens tech adoption

GTB Ghana addresses FX licence suspension

GTB Ghana addresses FX licence suspension

Customs’ N5tr target threatens trade, heightens price crisis

Naira drops to new all-time low at black market, trades at N1,730/$

Analyst sees inflation at 30.34 per cent in February

Nigeria and a runaway economy

Import duty FX rate raised 4th time in Feb, now N1,444.56/$

CBN frantically tightens noose on banks’ FX operations, speculators

Operators want govt to prioritise security, others as FPI dips by 94.5%

Products

Lifestyle

News

Sport

Suggestions

Suggestions

Foreign exchange - Page 3

Products

Lifestyle

News

Sport