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Fitch Raises Concerns Over Nigeria’$10bn Forex Loan

Sam Diala, THEWILL -
November 06, (THEWILL) - Fitch Ratings has affirmed Nigeria’s long-term foreign currency credit default outlook at B- citing recent policies by President Tinubu as responsible for the stable outlook. It also raised concerns over the proposed $10 billion forex loan...
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BREAKING: CBN Lifts Forex Restrictions On 43 Items, Restates Commitment To Boost Liquidity In FX Market

Musa Diso, THEWILL -
October 12, (THEWILL) - The Central Bank of Nigeria (CBN) has lifted foreign exchange (FX) restrictions on the importation of 43 items. The apex bank also said it would boost liquidity in the Nigerian Foreign Exchange Market and intervene from...
Business

Despite Forex Restrictions, Palm Oil Importation Gulps N28.16bn in 6 Months

Sam Diala, THEWILL -
Nigeria imported palm oil to the tune of N28.16 billion in the first six months of 2022, as the value of agricultural commodities shipped into the country maintained an upward trend. Palm oil falls under the nation’s foreign exchange...
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BusinessOgochukwu Onwaeze, THEWILL -

DMO Rejects ₦1.84trn Treasury Bill Bids As One-Year Rate Falls To 15.80 Percent

The Debt Management Office rejected approximately ₦1.84 trillion in investor subscriptions at Wednesday’s Nigerian Treasury Bills auction, allotting just ₦71.16 billion as the one-year stop rate declined to 15.80 percent.
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