No more forex for products’ with local comparative advantage—CBN
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned that sooner than later, Nigeria may not have foreign exchange (forex) to support some activities including import of goods that have viable local comparative advantage. Recall that already,…
If up to $9bn interventions since February can’t converge rates, then…
As the endless wait for all market exchange rates to converge since February this year seems not to be working 10 months after; analysts have started raising issues on the need for the Central Bank of Nigeria (CBN) to change…
CBN’s interventions on forex without resource to law—Senate
A strange angle to the sustained injection of foreign exchange (forex) into the crisis ridden dollar market has emerged at the Nigerian Senate. This is coming on the heels of a bill sponsored by Senator Rose Oko from Cross River…
QoS: Telecoms equipments still missing in new CBN’s list of 36 unbanned items for forex
Chances of improvements in the Quality of Service (QoS) by telecoms operators was further dimmed yesterday as the new list of items, for which importers can source foreign exchange (forex) failed to contain telecoms and IT related materials. The Central…