FX scarcity

Despite CBN RT200 FX Programme, Forex Scarcity Worsens

April 5, 2023

By Dipo Olowookere Over a year ago, the Central Bank of Nigeria (CBN) announced that it was coming up with an initiative designed to

Economy

Naira Falls Against Dollar as FX Scarcity Worsens

October 20, 2022

Adedapo Adesanya

By Adedapo Adesanya The Naira closed weaker against the United States Dollar at the Peer-to-Peer (P2P) window of the foreign exchange market on Wednesday,

Technology

Telecom Operators in Nigeria Lament FX Scarcity

October 12, 2022

Adedapo Adesanya

By Adedapo Adesanya The Association of Licensed Telecommunications Operators of Nigeria (ALTON) said its members have had difficulty accessing foreign exchange (FX) since the

Economy

Gap Between NAFEX, Parallel Market Rates Will Worsen FX Scarcity

October 7, 2022

Aduragbemi Omiyale

By Aduragbemi Omiyale The current foreign exchange (FX) scarcity will worsen if the Central Bank of Nigeria (CBN) does nothing about the wide gap

Travel/Tourism

Inflation, FX Scarcity Force Aero Contractors to Suspend Operations

July 18, 2022

Dipo Olowookere

By Dipo Olowookere One of the leading airline operators in Nigeria, Aero Contractors, has announced the indefinite suspension of its operations, citing the rising

Economy

Nigeria Must Scale up Exports to Solve Forex Crisis—Sanwo-Olu

June 18, 2022

Aduragbemi Omiyale

By Aduragbemi Omiyale Governor Babajide Sanwo-Olu of Lagos State has advised the federal government to intensify its efforts to scale up Nigeria’s exports in

Economy

Naira Falls 0.12% at Spot Market as FX Scarcity Bites Harder

June 7, 2022

Adedapo Adesanya

By Adedapo Adesanya The Naira depreciated by 0.12 per cent or 50 kobo on Monday, June 6 at the Investors and Exporters (I&E) segment

Economy

Local Currency Crashes to N584/$1 Amid FX Scarcity

March 22, 2022

Adedapo Adesanya

By Adedapo Adesanya More pressure is pilling on the Naira at the Peer-2-Peer (P2P) segment of the foreign exchange (forex) market amid a shortage

MOMAN Major Oil Marketers Association of Nigeria

Economy

MOMAN Blames Russian-Ukraine War, Forex Scarcity for Rising Diesel, Jet Fuel Prices

March 11, 2022

Adedapo Adesanya

By Adedapo Adesanya The Major Oil Marketers Association of Nigeria (MOMAN) has blamed the ongoing hostilities between Russia and Ukraine coupled with foreign exchange

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