Business & Economy
BREAKING: CBN to establish Nigerian International Financial Centre
The Central Bank of Nigeria, CBN, plans to establish the Nigerian International Financial Centre, NIFC, in the next 12 months. The Governor of ...
Business & Economy
We have no plan to convert domiciliary account holdings into Naira – CBN
The Central Bank of Nigeria (CBN) has asked Nigerians to ignore reports that domiciliary account operators have been directed to convert their holdings ...
Business & Economy
VAT collection can only work at national level, not state level – FIRS
The Federal Inland Revenue Service, FIRS, warned that the collection of Value Added Taxes in Nigeria can only work at the national level ...
Business & Economy
Nigeria records N1.8trn trade deficit in Q2’21 – NBS
The National Bureau of Statistics, NBS, said the nation recorded a trade deficit of N1.8 trillion in the second quarter of the year ...
Business & Economy
CBN orders banks to publish names, BVN of Forex defaulters
The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex ...
Business & Economy
Nigeria’s GDP records 5% growth for second quarter
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, the National Bureau of Statistics ...
Business & Economy
Food imports gulped $1.04bn in six months, says CBN
The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent ...
Business & Economy
PayPal to let UK users buy, sell Crypto on platform
PayPal on Monday said it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online ...
Business & Economy
Naira weakens further to 517 against dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local ...
Business & Economy
Senate asks BPE to refund N8.7bn, queries N387.7m tax evasion
The Senate has asked the Bureau of Public Enterprises to refund N8.7bn to the Consolidated Revenue Fund based on an audit query issued ...