Export Proceeds News Today

In July 2022, the RBI had asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.

India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West.

Experts in the financial sector have urged the incoming Minister of Finance and Coordinating Minister of Economy, Wale Edun to address the foreign exchange challenge and other fiscal issues in the economy. Former Director General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf said the Foreign exchange policy reform must be…

The obligation to park export proceeds domestically is needed to secure foreign exchange reserves and strengthen the rupiah exchange rate. However, this step needs to be accompanied by strong incentives so as not to harm exporters.

Experts in economy have commended the unification of the exchange rates by the Central Bank of Nigeria (CBN) but cautioned that the policy should be

The Director, Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf, has applauded the bold step by the President

Newly sworn-in President Bola Tinubu, in the first policy directive of his administration yesterday, announced the removal of fuel subsidy.

KARACHI: The State Bank of Pakistan (SBP) Friday asked exporters to bring delayed export proceeds to Pakistan by...

The chief executive officer(CEO), of the Center For The Promotion Of Private Enterprise(CPPE), Dr. Muda Yusuf, has demanded immediate removal of petrol

The Centre for the Promotion of Private Enterprise (CPPE) has said the federal government can generate a minimum of N10 trillion annually from the removal of