Negative Impact of Withholding Foreign Airlines’ Profits on Nigeria’s Foreign Investment Climate

Nigeria is responsible for 33.8% of the revenue of foreign airlines trapped in countries around the world. Nigeria and others owed $2.2 billion to airlines, said spokesperson of the International Air Transport Association (IATA) Katherine Kaczynska in March 2023. Under the watch of the outgoing President Muhammadu Buhari, the revenue of foreign airlines which they … Read more

How Tinubu Can Resolve the FX Crisis in Nigeria

As the legal fireworks continue at the Presidential Election Petitions Tribunal in Abuja against the victory of Asiwaju Bola Ahmed Tinubu in the February 25, 2023 Presidential election, it’s certainly incontestable that the former Lagos State governor will be sworn in as Nigeria’s president on May 29, 2023, signals from Aso Villa are enough indicators. While he warms … Read more

Who is a Foreign Exchange Trader? Qualities and How They Make Money

If you conversant with the financial system or international trade you must have heard about people making money (or losses) from buying and selling of currencies. For instance valuation difference between the US Dollar (USD) and Euro (EURO) or any other currency pairs could go either way depending on the side you take. They do … Read more

CBN Extends Travel Allowance Processing Period To 120 Days Over Dollar Scarcity

There is an update on foreign exchange purchases for Personal Travel Allowance (PTA), Business Travel Allowance (BTA), and payment of foreign medical bills majorly under the Form A FX application. Initially, the processing time for Form A was within four weeks or a month, but the same application will now take at least 120 days … Read more