Forex crisis: Three states demand $501m loan repayment suspension
The state governments of Ekiti, Cross River, and Ogun have proposed a suspension of their foreign debt repayments worth $501m due to severe foreign exchange
Tag : Forex crisis
MTN Nigeria records N177.8bn loss before tax in 2023 over Forex crisis
MTN Nigeria Plc announced a N177.8 billion pre-tax loss as compared to a N518.8 billion pre-tax profit in the previous year. The losses resulted in
EFCC 7,000-man task force goes after dollar racketeers to stem forex crisis
In a move to reduce the pressure on the naira, the Economic and Financial Crimes Commission has raised a 7,000-man special task force across its
Forex crisis hits truckers, slows operations
As the effect of the high exchange rate bites harder, truckers operating in the nation’s maritime sector have lamented the reduction in activities at the
Illegal levies, forex crisis hampering fuel supply – Marketers
The Depots and Petroleum Products’ Marketers Association of Nigeria has said that unauthorised fees and levies, as well as the inability to access foreign exchange
Forex crisis hampering made-in-Nigeria phones, says Maina
The Project Director, Broadband Implementation Steering Committee, Abubakar Maina, has disclosed that the foreign exchange crisis in Nigeria is discouraging original equipment manufacturers from establishing
Forex crisis: EFCC combs BDC hubs in Lagos
The Lagos Command of the Economic and Financial Crimes Commission (EFCC) has combed some hubs of Bureau De Change (BDC) operators in Lagos in connection
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 in the country,
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 in the country,
