Tag: Forex
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Expert says forex responsible for hike in petrol price
Mr Ronke Onadeko, an expert in oil and gas, says high exchange rate of Naira to the dollar is responsible for increase in price of Premium Motor Spirit (PMS), also called petrol, in the country. Onadeko disclosed this on Wednesday in Lagos at a policy dialogue on reporting the oil and gas sector. According to…
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FOREX: CSOs urge CBN to ensure level playing ground for oil marketers
A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers in accessing Foreign Exchange (FOREX) for importation of petroleum products. The group disclosed this in a communique relased after its meeting in Abuja, on Tuesday. The News Agency of Nigeria (NAN)…