‘Lagos accounts for 90 pct of Nigeria’s FX inflows’

The Lagos State Government has said it controls over 90 per cent of foreign exchange inflows into the country. The Commissioner for Finance, Mr. Akinyemi Ashade, said this in a presentation made to capital market stakeholders in Lagos titled: ‘Funding Lagos State Government’s Economic Agenda through Debt Capital Market’. He said with over 23 million […]

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Vandalism: Forex inflow drops by $447 million

The persistent attacks on the country’s oil installations by militants in the Niger Delta have resulted in a decrease of about $447m in foreign exchange inflows from $1.4bn in September to $957.3m in October. Figures obtained from the Central Bank of Nigeria show that the $447m decline represents a drop of 31.85 per cent. Investigation […]

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