Tinubu Suspends 5% Excise Tax On Telecoms, Signs Executive Orders   President Bola Tinubu has signed four Executive Orders one of which is the suspension of the five per cent Excise Tax on telecommunication services as well as the Excise Duties...

CBN Expends $17.81bn To Strengthen Naira   The Central Bank of Nigeria (CBN) drew down Nigeria’s foreign reserves and expended $17.81billion to defend the nation’s weak currency, at the foreign exchange(forex) markets in 2022. According to the apex bank in its Annual...

'Trade Compliance Declined By 20% In Eight Years'   A maritime research group, Sea Empowerment and Research Centre has stated that trade compliance in Nigeria dropped by 20 per cent under the Col Hammed Ali (retd)-led administration of the Nigeria Customs...

Telecoms Investments In Nigeria Now $75.6bn – Danbatta   The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, yesterday disclosed that investment profile of the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local...

Naira Appreciates To N742/$ At Official Market   The naira yesterday appreciated to N742/$ at the Investors and Exporters (I&E) window. The closing rate represents a major rebound from Tuesday’s N768/$ rate. According to report from FMDQ Exchange, the naira opened at...

Terminal Operator Hikes Tariff On Imported Vehicles By 36%   Months after the Maritime Workers Union of Nigeria requested that terminal charges be reviewed upwards, Ports & Terminal Multipurpose Limited has announced a 36 per cent increase in tariff on imported...