Treasurers lament forex scarcity in Nigeria, urge FG to intervene

The Nigeria Association of Corporate Treasurers has lamented the scarcity of foreign exchange in the Country.

Foreign scarcity has been a significant issue for Nigeria and the multiple forex windows.

To this end, the group has urged the Federal Government to address the scarcity of foreign exchange bedevilling the country.

The President of the association, Yinka Ogunnubi, disclosed this recently during his inauguration as ACTN’s new President.

Ogunnubi noted that most of the association’s challenges had often revolved around the scarcity of foreign exchange.

Ogunnubi said, “For our members and, of course, you know we are a treasurer organisation, most of our challenges have to do with the forex”.

As of Saturday, the official dollar rate to Naira is N461.5, while it is N738 in the black market.