Amid frequent fall in naira, the house of representatives committee on finance, loans, and debt management, has recommended that all locally produced goods be banned from importation.
The house gave the recommendation while considering a report on the 2024-2026...
In other for the naira to sustain momentum against the United States dollar, financial experts and analysts have called for the use and purchase of made in Nigeria goods as against foreign made goods.
They also sought for an end...
The naira, on Monday, continued its appreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window, as it closes at N750.14/$1.
The rate represents a recovery of N41.61k from the N791.75 recorded...
There was relief among manufacturers and importers as the naira gained N49.39 (5.24 per cent) Friday to close at N791.75/$ (down from N841.14 on Thursday) at the official market.
The gain, captured in the data from the Nigerian Autonomous...
Despite experiencing decline in the last two days and high inflation rate in October, the naira, on Wednesday, still gained against the U.S. dollar in the official market.
It could be recalled that the National Bureau of Statistics (NBS), had...
The naira has continue to gain momentum against the United States currency, US dollar, after the Central Bank of Nigeria (CBN), intensified the clearance of backlog of foreign exchange forward.
An FX forward contract is a bilateral agreement where one...
The House of Representatives committee on aviation has raised serious concerns about the process leading to the unveiling of Nigeria Air, the national carrier.
During an investigative hearing on Tuesday, Nnaji Nnolim, chairman of the committee, criticized the unveiling as...
Introduction
The recent resolutions reached between the Federal government, TUC, and NLC regarding the subsidy removal on PMS have been met with skepticism and disappointment by many Nigerians. The proposed solutions, on the surface, appear to lack substance and fail...
Renowned Nigerian professor of political economy and management expert, Prof. Pat Utomi, has been selected to chair this year’s edition of ‘For Love of Country (FLOC) Symposium’, scheduled to take place in Lagos on April 24th, 2023.
The FLOC Symposium...
The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks, The PUNCH can report authoritatively.
This decision is expected to end months of hardships and pains...
