High Exchange Rate Cripples Nigeria Air Cargo Business

Findings have revealed that the high exchange rate of the naira to foreign currencies has grounded air cargo business in Nigeria. It was gathered that clearing agents and aviation handling companies last experienced peak in their business at the Murtala Muhammed International Airport, Lagos,  in December 2014. The sub-sector has lost projected N5 billion in business capacity, turnover […]

Foreign Exchange Earning: Lawmaker Canvasses Development of Cultural Festivals

A member of the National Assembly, Senator Fatimat Raji-Rasaki, has called for the transformation of the country’s cultural festivals to foreign exchange earners. The senator representing Ekiti Central Senatorial District of Ekiti State, said became imperative “in view of the plunging oil price in the international market and the urgency of Nigeria to diversify its revenue […]

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