Business
Customs Gives 90-Day Window for Import Duty Payment on Unsettled Vehicles
The Nigeria Customs Service (NCS) has introduced a 90-day window to regularise import duties on specific vehicle categories. This was conveyed through a...
Breaking: FCT Residents Loot NEMA Facility for Foodstuffs
Amidst growing economic challenges, residents in the Federal Capital Territory (FCT) have taken matters into their own hands by looting a National Emergency...
House of Reps Summons Binance CEO to Appear in Nigeria by March 4th
The House of Representatives Committee on Financial Crimes has issued a seven-day ultimatum to Binance Chief Executive Officer, Richard Teng, demanding his appearance...
CBN Revokes Licenses of Over 4,000 Bureaux De Change Operators
The Central Bank of Nigeria (CBN) has decisively revoked the operational licenses of 4,173 Bureaux De Change (BDC) operators. This information was disclosed...
FG Mulls Slamming Binance with Fine of over $10 Billion, after Detaining Executives
Special Adviser to the President on Information and Strategy, Bayo Onanuga, has stated that Nigeria may slam Binance with a fine of over...
Binance Says it will not Pay any fines to Nigerian Government
Contrary to the Nigerian government’s claim of potential $10 billion fines, Binance Holdings Ltd stated on Friday that it is not engaged in...
MTN Nigeria Records N740 Billion Forex Loss
MTN Nigeria Plc has reported a staggering pre-tax loss of N177.8 billion, starkly contrasting the N518.8 billion pre-tax profit recorded the previous year....
South African Tycoon Predicts Rebound for Nigeria Amid Corporate Departures
South African billionaire Christo Wiese revealed that Nigeria’s sizable and expanding population presents an irresistible opportunity for businesses despite the recent departures of...
Satchet Water To Likely Sell at N100, Producers Say
The Association of Table Water Producers of Nigeria has announced a potential price increase for sachet water, commonly known as “pure water,” to...
Nigerian Banks Push Customers to Link NIN and BVN Ahead of CBN Deadline
Nigerian banks are urging customers to link their National Identification Number (NIN) and Bank Verification Number (BVN) ahead of the March deadline set...
Breaking: Nigerian Authorities Detain Senior Binance Executives
Following Nigeria’s recent efforts to regulate cryptocurrency exchanges and curb speculation on the naira, two senior executives at Binance have been detained in...
“Customs is not heeding Form M rate directive”, Netizen Cries out to CBN
The Nigerian Customs Service (NCS) has come under scrutiny for disregarding the Central Bank of Nigeria’s (CBN) directive to base import duty on...