Browsing Category
Business & Economy
Don’t eliminate Niger Delta Affairs ministry, PANDEF tells Tinubu
The Pan Niger Delta Forum has urged President Bola Tinubu to keep the Niger Delta Ministry in place.
Just last week, after Mr. President assigned portfolios to ministerial…
Read More...
Read More...
10 important lessons from CBN’s mechanism for verifying foreign exchange rates
A foreign exchange pricing verification mechanism has been launched by the Central Bank of Nigeria to provide importers access to foreign currency.
A price verification report from…
Read More...
Read More...
PWDs urge Tinubu to reduce VAT
President Bola Tinubu has been urged to reduce the value-added tax from 7.5% to 5% by September 2023 by the Accelerate Disability Inclusion in Emergencies Forum.
According to ADIE,…
Read More...
Read More...
Nigeria Air has no operating licence, airlines allege
Nigeria Air, the proposed national carrier for the nation, may not start operations any time soon since it lacks an airline operator's certificate, according to Airline Operators of…
Read More...
Read More...
Nigerian inflation reaches 24.08% in July, says NBS
The Nigerian National Petroleum Company Limited's (NNPCL) retail division has denied allegations that the price of petrol at the pump will likely rise.
According to THEWILL,…
Read More...
Read More...
Diesel price hits N950/litre, manufacturers fear shutdowns, job losses
Oil marketers revealed on Monday that many states now charge between N900 and N950 per litre for the commodity as a result of the country's current foreign exchange situation and the…
Read More...
Read More...
Naira declines more as banks are beset by dollar shortage
The naira's value has gotten worse as a result of the growing disparity between the supply and demand of dollars in banks and on the black market, according to research.
The value of…
Read More...
Read More...
CBN staff loans increase by 113% to N40 billion
As of December 2022, the Central Bank of Nigeria had issued N40.67 billion in loans to its employees.
This was according to the apex bank's audited financial statement for 2022.…
Read More...
Read More...
Black Market Naira to Dollar Exchange Rate, today, August 12, 2023
What is the current exchange rate for dollars and nairas on the black market, commonly referred to as the parallel market (Aboki fx)? See below for the 11th of August's black market…
Read More...
Read More...
Tory Lanez bags 10 years imprisonment for shooting Megan Thee Stallion
Tory Lanez, a Canadian rapper, was sentenced to ten years in prison on Tuesday after being found guilty of shooting US artist Megan Thee Stallion in the feet during a drunken argument…
Read More...
Read More...