Friday, April 26, 2024
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    FOREX

    Forex crisis threatens modular refineries N25bn daily crude input

    Modular refineries in Nigeria are currently facing the threat of shutting down operations following their inability to access foreign exchange for the purchase of...

    FG saves N8tn from subsidy removal, FX reform –Tinubu panel

    The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from...

    Forex crisis: Labour blames govt officials, meets FG today

    The Nigeria Labour Congress on Sunday lamented the devastating impact of the forex crisis on the economy and demanded urgent stabilisation of the naira. The...

    FG plans $10bn to stabilise naira, eyes NNPCL for forex

    President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the...

    Forex crisis: Naira plunges to 1,025/$, job losses, factory shutdown loom

    The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. Owners of small-scale enterprises, Nigeria...

    N’Assembly plans quick screening, private sector demands forex reforms

    The National Assembly has hinted on plans to expedite the screening of nominees for the positions of the Governor of the Central Bank of...

    Forex crisis: Massive job losses loom, profits shrink, say MAN, others

    Stakeholders including the Manufacturers Association of Nigeria and the Association of Small Business Owners on Sunday lamented the worsening scarcity of forex...

    Naira slides to 505/$ as CBN stops forex sale to BDCs

    The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced...

    Must Read

    Bobrisky treated as normal inmate – NCS officials

    Controversial crossdresser, Idris Okuneye, aka Bobrisky, who was handed a six-month prison sentence over naira abuse, currently shares the same cell with male inmates...

    Labour asks FG to unveil new minimum wage May 1

    The organised labour, on Sunday, listed its expectations ahead of the 2024 Workers’Day, calling on the Federal Government to announce a new minimum wage...

    EFCC recovers fresh $445,000, N3bn in humanitarian ministry probe

    The Economic and Financial Crimes Commission said on Sunday it has freshly recovered $445,000 and N3bn in the ongoing probe of the scandal in...