March 3, 2016 By Anna Okon Of the over 2,000 manufacturing firms in the country, more than 200 will be closing shop in the next two months due to lack of raw materials to continue production, according to findings by our correspondent. The President, Manufacturers Association of Nigeria, Dr. Frank […]
Tag: FOREX
Naira now 300/dollar as forex supply slows
February 25, 2016/Punch By Oyetunji Abioye The naira rose further on Wednesday against the United States dollar at the parallel market to 300 from 310 on Tuesday. The local currency, which closed at 391 against the greenback last Thursday, had risen to 375 and 310 on Monday and Tuesday, respectively. […]
CBN Says School Fees, Medicals Remain Eligible for FOREX Allocation
February 19, 2016/CBN Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) wishes to clarify to the general public that it has NOT stopped the allocation and sale of Foreign Exchange for purposes of paying school fees and settlement of medical bills overseas.The Bank therefore urges members of the public to disregard […]
