Four months after Nigeria flagged off its participation in the African Continental Free Trade Area under the Guided Trade Initiative, Nigerian exporters have said that the foreign exchange crisis in the country is hindering their participation on the platform valued to have a combined Gross Domestic Product of $3.4 trillion. In July the Federal Government through the Nigeria African Continental …

In a move to reduce the pressure on the naira, the Economic and Financial Crimes Commission has raised a 7,000-man special task force across its 14 zonal commands to clamp down on dollar racketeers. In a statement on Wednesday in Abuja, the spokesperson for the anti-graft agency, Dele Oyewale said the commission had summoned the proprietors of private universities and …

The Tertiary Education Trust Fund (TETFund) has said the recent monetary policy of the Central Bank of Nigeria has created difficulties in the payment of foreign scholarship tuition and stipends. Its Executive Secretary, Sonny Echono disclosed this at a one-day Stakeholders’ Engagement on Emerging Issues with the TETFund Intervention in Abuja on Wednesday. Echono said since the fund’s allocation was …