Finance
Customs Auction 26,625 Litres of Seized Petrol At N9000/25-litre Keg In Cross River
The Nigeria Customs Service (NCS) Cross River/Akwa Ibom Command has auctioned 26,625 litres of seized petrol to the public. This is according to...
Dangote Accuses Government of Sabotage, Offers to Sell 650,000 BPD Dangote Refinery To NNPC
Aliko Dangote has offered to sell his multibillion-dollar oil refinery to the state-owned energy company, Nigerian National Petroleum Corporation (NNPC) Limited, accusing the...
UAE Signs $817 Million Currency Swap Deal with Ethiopia
The United Arab Emirates (UAE) and Ethiopia have signed a bilateral currency swap of up to 3 billion dirhams ($817 million), according to...
Breaking: CBN To Take Over All Dormant Accounts For Treasury Bill Investments
The Central Bank of Nigeria (CBN) has issued new directives to banks and financial institutions regarding dormant accounts. The CBN will now take...
Nigeria’s FCCPC Hits Meta with $220 Million Fine For Data Use Violations
The Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta, the parent company of Facebook, WhatsApp, and Instagram, $220 million for violating...
Shareholders Condemn Tinubu’s Plan To Impose 50 Percent Windfall Tax on Banks’ Forex Gains
The New Dimension Shareholders Association of Nigeria (NDSA) has condemned the Federal Government’s decision to impose a 50 per cent windfall tax on...
CBN Resumes Dollar Sales To BDCs After Stopping In March
The Central Bank of Nigeria (CBN) has resumed the sale of dollars to Bureau de Change (BDC) operators. This decision came after a...
IMF Approves $71 Million Aid to Niger
The International Monetary Fund (IMF) Executive Board has approved the disbursement of $71 million to Niger on Wednesday. This payment is part of...
Burkina Faso To Produce Fertilisers Worth $24.9 Million To Boost Agriculture
Burkina Faso’s government and its partners plan to urgently produce mineral fertilisers worth 15 billion CFA Franc ($24.9 Million) to enhance agricultural productivity....
Customs Duty Exchange Rate Exceeds Official Rate Of N1581/$
The exchange rate utilised by the Nigeria Customs Service (NCS) for duties collection has surpassed the official closing rate of the Naira against...
Cardoso Warns High Interest Rates Will Persist If Inflation Keeps Rising
Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has cautioned that the CBN will keep interest rates high for longer if...
Finance Bill To Tax 50% Of Banks FX Gains Passes Second Reading
Nigeria’s Senate has passed for second reading a Bill seeking to amend the Finance Act 2023 and impose a “windfall” of 50 per...