Hit By N23.2bn Negative Equity, PZ Cussons Considers Selling Nigerian Assets,…
Hit by a negative net assets position of N23.2bn, PZ Cussons Nigeria Plc said it is under pressure to settle its…
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Browsing Tag
FOREX CRUNCH
CBN Releases Fresh $500m To Clear Verified FX Liabilities
In its determination to address the backlog of verified foreign exchange transactions, the Central Bank of Nigeria…
Naira Gains N55 Against Dollar As CBN Settles Part Of FX Forwards Of Banks
The naira has gained N55 against the United States dollars at the black market controlled by Bureau de Change…
JUST IN: CBN To Clamp Down On Bureau De Change Dealers Over Speculative Trading
The Central Bank of Nigeria (CBN) has said that there are ongoing plans to clamp down on Bureau de Change dealers…
Naira Depreciates To N902 Against Dollar, May Hit N1,000 By Month End– BDCs
The naira has extended its loss as the currency depreciated to N902 per dollar on the black market.
Figures…
CBN Board Member Wants Forex Allocation For Overseas Education Stopped
The Central Bank of Nigeria has been asked to block foreign exchange allocation for overseas education as dollar…
Aviation Crisis: Delta Air Suspends New York Flights To Lagos
Delta Air Lines has suspended its New York flight operations to Nigeria's economic capital, Lagos.
The…
Forex Woes: Turkish, British Airlines Reject Naira, Demand Payment Of Flight…
Turkish Airlines and British Airways said they will no longer issue tickets to passengers in naira following the…
Air Peace Suspends Flights To Johannesburg, Says Passengers Can Seek Refund
Air Peace said it has suspended flights to Johannesburg for over a month due to delay in issuance of South African…
Contrary To Emefiele’s Claims, Forex Inflows Into NNPC’s Account With…
Despite claims by the Central Bank of Nigeria Governor, Mr Godwin Emefiele, that the crisis being experienced by…