Nigerian manufacturers are facing an uncertain future due to persistent foreign exchange volatility and higher production costs, which have been crippling business activities in recent years. The situation has left many manufacturers unsure whether to cut down on production or…
The founder, Centre for the Promotion of Private Enterprises (CPPE) Dr Muda Yusuf has urged the Federal Government to fix Nigeria’s structural and macroeconomic environment to control exchange rate volatility and allow businesses to thrive. He gave the advice in an…
Deeply concerned about recent developments in the foreign exchange market, President Bola Tinubu has approved measures to stabilise and enhance liquidity in the market, including the parallel market. The Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun…
By Sodiq Adelakun Resent unification of exchange rate windows by the Central Bank of Nigeria (CBN) does not seem to be yielding the desired result of considerable stability in the foreign exchange market anytime soon. Rather, the policy step is…
