Foreign Exchange

CBN stops dollar cash payments for BTA, PTA

The Central Bank of Nigeria (CBN) has announced that it will no longer allow dollar cash payments for Business Travel Allowance (BTA) and...

Bharti-Airtel Worldwide boss lauds Tinubu’s scrapping of multiple foreign exchange rates, digital infrastructure for citizens

President Bola Tinubu has been lauded for the scrapping of multiple foreign exchange rates and the introduction of a unified, single exchange rate...

With its $85m trapped in Nigeria, Emirates Airline suspends flights to Nigeria

Following the non-repatriation of its $85 million funds from Nigeria, Emirates Airline says it will suspend flight operations in and out of the...

How Forex scarcity, power outage, others trigger food inflation, food insecurity, short-changing of consumers by manufacturers

“How much do you sell your Grand loaf bread?” , a shopper asks a young man who owns a provision shop beside the...