Nigeria’s Inflation Rate Rises in April 2024
Nigeria’s Inflation rate has risen to thirty-three point six nine percent in April 2024 against the thirty-three point two zero percent of the March 2024 headline inflation rate. This was confirmed by...
View ArticlePOS To Take Legal Actions Against Corporate Affairs Commission
In a bold move, Point of Sale operators represented by the National President of the Association of Mobile Money and Bank Agents in Nigeria have revealed their intention to take legal action against...
View ArticleNaira Extends Depreciation To One Thousand Five Hundred And Fifteen Naira Per...
Despite marginal growth in external reserves, the naira on Monday extended depreciation against the dollar falling to one thousand five hundred and fifteen on the parallel market The naira on Monday...
View ArticleSaudi Arabia partners Nigeria to enhance Agricultural, Trade Sector
As the government focuses on utilizing all opportunities to boost food production, the Federal government and the Kingdom of Saudi Arabia have agreed to strengthen their bilateral relations in the...
View ArticlePresident Tinubu’s Panel Proposes Reviewing States, Local Government Share of...
The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax revenue to 90 per cent , and reducing the Federal...
View ArticleCentral Bank of Nigeria Clarifies Education ,Petroleum Tax For Cash Pooling...
The Central Bank of Nigeria (CBN) has issued additional clarifications on the circular concerning the cash pooling of repatriated oil and gas export proceeds by international oil companies. The apex...
View ArticleCrypto crackdown: FG to remove naira from P2P platforms
The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all Peer-to-Peer platforms in a bid to reduce the manipulation of the local currency value in the...
View ArticleDemand Rises As Naira Exchanges At One Thousand Four Hundred And Thirty Naira...
The foreign market on Monday has reopened with the naira exchanging with the dollar at one thousand four hundred and thirty naira on the parallel market, popularly called black market. At the Nigerian...
View ArticleFederal Government Instructs Banks To Begin Deduction Of Stamp Duty Charges...
To ramp up revenue and boost fiscal performance, the Federal Government has instructed that all commercial banks immediately begin deducting a zero point three seven five per cent stamp duty charge on...
View ArticleNigeria Deposit Insurance Corporation Increases Deposit Insurance Coverage...
The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant revision of the Maximum Deposit Insurance Coverage for banks operating in the country. During a media briefing in Abuja,...
View ArticlePension Funds Increase Equities Allocation Amidst Market Confidence
Pension funds have shown a growing appetite for equities, with investments in ordinary shares witnessing a significant two point eight two percent uptick from December 2023 to March 2024, totaling two...
View ArticleNigerian Government Says No New Tariff for Customers Without 20 Hours of...
The Nigerian Government on Monday has assured Nigerians that customers not enjoying 20 hours of electricity would not pay the new tariff. Minister of Power, Adebayo Adelabu, stated this while appearing...
View ArticleFederal Government sets To Integrate Over twenty percent Unbanked Nigerians...
The Federal Government has revealed plans to integrate over 20 per cent of unbanked Nigerians into the banking system. Vice President, Kashim Shettima revealed this in Abuja on Thursday at the...
View ArticleAccountant General Of Federation Tasks Treasury Managers To Safeguard Public,...
The Accountant General of the Federation, AGF, Oluwatoyin Madein has advised treasury managers to guard against corruption, fraud and financial mismanagement by implementing strong internal control...
View ArticleNigeria Revokes Over Nine Hundred Dormant Mining Licences, Eyes New Investors
The federal government has revoked an additional 924 dormant mineral licences with immediate effect. According to Dele Alake, minister of solid minerals development, the affected titles include five...
View ArticleThe Central Bank of Nigeria has resumed the sales of dollars to Bureau De...
In a circular uploaded to its website on Tuesday and signed by its Director, Trade and Exchange Department Dr Hassan Mahmud, the apex bank said it is set to sell ten thousand dollars to BDCs at one...
View ArticleNigeria to Launch Mortgage Scheme for Diaspora by July
The Nigerians in Diaspora Commission, NiDCOM, and the Federal Mortgage Bank of Nigeria, FMBN, are set to roll out a new mortgage scheme targeting citizens living abroad. The initiative, expected to...
View ArticleInternational Monetary Fund Reviews Nigeria’s Economic Growth To Three Point...
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to three point three per cent. This revision was announced in the IMF’s World...
View ArticleBureau De Change Operators Back Central Bank of Nigeria’s Directive to Stop...
The Association of Bureau de Change Operators of Nigeria has expressed support for the Central Bank of Nigeria’s directive to banks to stop the use of domiciliary accounts as collateral for naira...
View ArticleNigerian Electricity Regulatory Commission Fines Abuja Electricity...
The Nigerian Electricity Regulatory Commission, NERC, has fined Abuja Electricity Distribution Plc, AEDC, 200 million naira over tariff violations. NERC’s on Friday in a statement via its X handle said...
View Article
![[QLD, NSW, VIC] Samsung 65](http://files.ozbargain.com.au/n/31/978831l.jpg?h=8d64f0c6)
