CBN I&E forex window attracts $4bn in three months
Nigeria's importers and exporters foreign exchange window introduced by the Central Bank of Nigeria about four months ago has attracted four billion dollars from foreign investors since April.
Steady manufacturing upturn adds to optimism in Nigeria
Nigeria's manufacturing sector was one of the worst hit by the foreign exchange crisis last year but with the manufacturing PMI up for the third consecutive month, optimism about this space is slowly returning this year.
Nigeria aims for rice self-sufficiency by 2018
Nigeria's vice-president Yemi Osinbajo says the country targets self-sufficiency in rice production by the end of 2018, saving scarce foreign exchange spent on importing the staple food.
CBN to begin sale of forex to BDCs twice weekly
The Central Bank of Nigeria says it would begin the sale of foreign exchange to Bureau De Change Operators twice a week from Monday.
Nigeria defends FX policy
Following criticism for pegging the naira at an artificially strong rate to the dollar despite heavy inflationary pressure, the Central Bank of Nigeria has called those opposing the current foreign exchange framework, 'unpatriotic'.
Investment outlook for West Africa
The West African landscape has had a busy start to the year, with a new administration in Ghana, political uncertainty in The Gambia and continued foreign exchange shortage in Nigeria
Improving access to finance for SMEs
The Central Bank of Nigeria says Small and Medium Enterprises are critical for the development of any economy, but access to finance remains a key hurdle in achieving their potential.
Nigeria recession deepens
A fall in Nigeria's oil production and biting foreign exchange shortages saw Nigeria's third quarter Gross Domestic Product contract further by 2.24 per cent.