Central Bank Injects Additional Five Hundred Million Dollars to Tackle...
The Central Bank of Nigeria (CBN) has infused an extra five hundred million dollars across various sectors, building on its recent payment of approximately two billion dollars to clear outstanding...
View ArticleCentral Bank Clears Airlines Verified Forex Claims
The Central Bank of Nigeria has disclosed that it has concluded payment of all verified claims by airlines with an additional sixty-four point four four million dollars to the concerned airlines. The...
View ArticleNigerian Naira Hits Record Low of Over One Thousand Five Hundred to Dollar on...
In a concerning development for Nigeria’s economy, the national currency, the naira, has plummeted to a historic low against the dollar on the official market, as reported by FMDQ Exchange data on...
View ArticleCustoms Increases Cargo Clearance Rate By 43 Percent
The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from nine hundred and fifty-two per dollar to one thousand, three hundred fifty-six per...
View ArticleNNPCL to complete Warri refinery Q1
The Nigerian National Petroleum Company Limited has revealed that the mechanical completion of the Warri Refining and Petrochemical Company is scheduled for completion in the first quarter of the year...
View ArticleCentral Bank Governor Optimistic About Economic Reforms
The governor of the Central Bank of Nigeria, Yemi Cardoso, has expressed optimism about the return of Foreign Portfolio Investors (FPI) to the country. In an interview on Monday, Cardoso highlighted...
View ArticleFederal Government Strategizing To Reduce Food Prices In Nigeria
The federal government through the Minister of Finance and Coordinator of the Economy, Mr Wale Edun says the federal government is working out the system that would cause a drastic reduction in the...
View ArticleCentral Bank Governor Says Increase in School, Medical Tourism Putting...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said that the increase in exchange rate between the naira and dollar is due to the increase in Nigerian students who study abroad...
View ArticleE-Payment Transactions’ Value Rises By 66% In 2023
The value of electronic payment (E-payment) transactions grew by sisxty-six percent to six hundred and sixty-four point two one trillion naira in 2023 from three hundred and eighty-seven trillion naira...
View ArticleNigerian Communications Commission Pleads To States To Cut Telecom Taxes
The Nigerian Communications Commission has appealed to states and local government councils across the country to cut taxes imposed on telecom companies, asserting that excessive taxation will be...
View ArticleManufacturers Association Of Nigeria Seeks Immediate Reversal Of Ban On...
The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the recent ban imposed on spirit drinks in sachets and PET bottles less than 200ml and urged that the ban be reversed...
View ArticleNational Agency For Food And Drug Administration And Control Insists On Ban...
The National Agency for Food and Drug Administration and Control (NAFDAC) has stated that it did not make a unilateral decision to ban the production of alcoholic beverages in sachets and small volume...
View ArticleAccess Holdings Confirms Death of CEO Herbert Wigwe in Helicopter Crash;...
Access Holdings Plc has tragically confirmed the death of its Chief Executive Officer, Dr. Herbert Wigwe, along with his wife and son, in a helicopter accident in the United States. The announcement...
View ArticleLeaked Memos: Presidency Calls For Sack Of Opposition Moles In Civil Service
The Presidency has called for an investigation into the civil service framework, in order to eliminate individuals it refers to as “moles” who are loyal to the main opposition party, the People’s...
View ArticleCBN Implements Second Customs Duty Rate Hike in Days, Sparks Concerns Among...
The Central Bank of Nigeria (CBN) has once again increased the exchange rate for computing Customs duties at the country’s seaports. This marks the second adjustment in just three days, with the rate...
View ArticleNigeria’s Foreign Reserves Plummet to Record Low, IMF Report Reveals
Nigeria’s foreign reserves have hit a historic low, plummeting to $24 billion in 2024 from $33 billion the previous year, according to a report from the International Monetary Fund (IMF). The latest...
View ArticleMoney Lenders Back FCCPC Over Action on Digital Lending Violation
The Money Lenders Association (MLA) has thrown its weight behind the measures taken by the Federal Competition and Consumer Protection Commission (FCCPC), aimed at ensuring ethical conduct in digital...
View ArticleFederal Inland Revenue Service Assures Businesses Of Friendly Tax Policies
In a bid to create an environment for business growth, the Federal Inland Revenue Service has assured businesses in the country of a friendly tax administration. The Executive Chairman of FIRS, Dr...
View ArticleLokpobiri seeks more investments in gas sector
The Minister of State for Petroleum Resources, (Oil), Heineken Lokpobiri, has called for more investments to explore Nigeria’s “enormous” gas reserves. Lokpobiri made this call at the 8th edition of...
View ArticleNational Bureau Of Statistics Inflation Rate Jumps To 29.90 Percent As Food...
National Bureau of Statistics has revealed that Nigeria’s inflation rate climbed to 29.90 percent in January 2024 from 28.92 percent recorded in the previous month. The NBS revealed this in its...
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