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Nigeria:
CBN's Forex Restriction - Any Hope for Growing and Legitimate Enterprise?
Premium Times, 5 January 2016
As my family and I are beginning to settle down in a new, serene environment, this policy cessation of foreign transactions through MasterCard has put one in a new point of despair… Read more »
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Nigeria:
IMF Chief Asks N/Assembly to Hike Taxes
Daily Trust, 6 January 2016
Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde yesterday said Nigeria must increase the Value Added Tax (VAT) in order to generate more revenue… Read more »
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Nigeria:
How Nigeria Can Get Out of Economic Crisis - IMF Boss
Vanguard, 7 January 2016
Managing Director, International Monetary Fund, IMF, Christine Lagarde has asked Nigeria and Nigerians to brace up for harder times, following the massive fall in the price of oil… Read more »
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Nigeria:
Forex Ban - 1,000 Job Losses Imminent in Tomato Factories
Daily Trust, 6 January 2016
The president of the National Union of Food, Beverage and Tobacco Employees (NUFBTE), Lateef Oyelekan, has said an estimated 1000 jobs are likely to be lost in the tomato… Read more »
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Nigeria:
Forex Restrictions - Nigerians Throng Ghana, Togo, Benin to Source Dollars
Leadership, 6 January 2016
Following the various restrictions in the Nigerian foreign exchange market as well as the ban on the usage of naira denominated cards outside the country, some Nigerians have… Read more »
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Nigeria:
CBN - Restriction On Use of Bank Cards Abroad to Remain
This Day, 28 December 2015
The Central Bank of Nigeria (CBN) has said that the recent restriction placed on the use of bank cards abroad will remain until the country's foreign reserves grow to significant… Read more »
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Nigeria:
CBN Now to Allocate Forex to End Users
Vanguard, 28 December 2015
The Central Bank of Nigeria, CBN, is now to allocate foreign exchange to end-users, with priority given to matured Letters of Credit, importation of petroleum products, raw… Read more »
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Nigeria:
CBN Explains Forex Restrictions
Independent (Lagos), 28 December 2015
Foreign currency restrictions will be lifted only when reserves have been built up to an appreciable level, the Central Bank of Nigeria (CBN) has said. Read more »
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Nigeria:
Banking in 2015 - Forex Restrictions, BVN Hiccups
Vanguard, 28 December 2015
The banking industry in 2015 was dominated by foreign exchange restrictions rolled out by the Central Bank of Nigeria (CBN) in its bid to defend the naira as well as challenges… Read more »
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Nigeria:
Card Restriction - Travellers, Students Groan Abroad
Daily Trust, 27 December 2015
Thousands of travelers and students are groaning over the recent restriction on foreign exchange (forex) withdrawal using Automated Teller Machines (ATM) abroad to carry out their… Read more »
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Nigeria:
Manufacturers Want Forex Allocation to Bureau De-Change Operators Abolished
Premium Times, 24 December 2015
The Manufacturers Association of Nigeria has made a strong demand to the Central Bank of Nigeria, CBN, for the abolition of foreign currency allocation to Bureau de-Change… Read more »
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Nigeria:
LCCI Predicts Tough Business Environment in 2016
Guardian, 3 January 2016
The Lagos Chamber of Commerce and Industry (LCCI) did an appraisal of the Nigerian economy in 2015 last week and concluded that private operators in many sectors recorded losses of… Read more »
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Nigeria:
Where Are These 'Anti-People' Policies of CBN Heading To?
Premium Times, 6 January 2016
For a new policy such as this, the government needs to take out time to prepare the minds of citizens and enlighten them about the sacrifices they are expected to make and the long… Read more »
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Nigeria:
The "Bolekaja" Tactics of Free-Market Lapdogs
Premium Times, 6 January 2016
... some of our Economists insist that we can not or must not speak. Any contrary opinion to theirs is deemed as bereft of intelligence and an indication of economic illiteracy.… Read more »