The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million. Of the sum, $90 million is for invisibles – business/personal travel allowances, medical, school fees, among others, while $150 million Read more
The Nigerian National Petroleum Corporation, NNPC, says it has succeeded in reducing gas flaring in the country by 26 per cent in the last ten years. The corporation said the reduction, which has pushed Nigeria down from the second highest Read more
The Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility and affordability for genuine end users. Isaac Okorafor, acting director, Read more
Benue State Internal Revenue Service (BIRS) has sealed off the Federal University of Agriculture, Makurdi, over non-remittance of Personal Income Tax running into N2.3 billion. The Chairman of the board, Mrs. Mimi Adzape-Orubibi, who led the enforcement agent to the Read more
Kemi Adeosun, minister of finance, has said the economic template being used to foster the growth of Nigeria’s economy was copied from Lagos state. Making the admission on Tuesday at the colloquium organised to celebrate the 65th birthday of Bola Read more
The Central bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to their customers at not more than N360 to the dollar. The spokesperson of the CBN, Isaac Okarafor, said Read more
The Nigerian naira is currently at its best point since August 2016, while the nation’s foreign exchange reserves is at the highest point since the fourth quarter of 2015. The local currency on Thursday appreciated to 390 per dollar, while Read more
The evolutionary trend of Nigeria’s socio-political journey since Independence has shown a clear path for the permeation of corruption, from an alien concept to the statutory way of getting business done. Corruption has become the existential reality of the Read more
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja, lower than N410 at which it traded on Read more
Following the Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), the Naira traded N400 to a dollar at the black market on Wednesday in Abuja. The Naira has also appreciated against the Pound Sterling and Euro rate as Read more