Paul Alex Umosor

Spot FX market revenue increased month over month (MoM) by 25.40% ($1.11 billion) from the revenue recorded in August 2023 ($4.37 billion) to $5.48 billion (N4.15 trillion) in September 2023. The FMDQ Markets Monthly Report for May included information on this. According to the report, the US Dollar lost value…

Since more than ten years ago, numerous studies and research projects have been conducted on the existential threat that climate change poses to the Nigerian economy. All of these studies have demonstrated that, if immediate positive action is not done, the economy will continue to decline. Although Nigeria has implemented…

Inflation is a gradual rising in the overall cost of commodities and services. Certain goods may noticeably go up in price, while others may become cheaper, as well as some goods may not change in price at all. Inflation is assessed by the set of products, goods, and services that…

Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sigh of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog obligations in the next two weeks. Acting Governor of the…