How Profitable is Investment in Currency Deposit? by Babatunde Salami (Babatee)   Many investors, who have investments in Local Currency Deposit, merely invest below inflation rate of 22.42%. Therefore, they have not edged against deprecation of the Naira currency as well. Therefore,...

Report Revealed Debt Servicing Rose To N1.24trn In Q1, 2023   Nigeria’s debt servicing cost has increased by 55.71 per cent to N1.24tn in three months. According to data obtained from the Debt Management Office, between October and December 2022, Nigeria...

FOREX: Importers Groan As Customs Raise Exchange Rate To N589.45/$1   From today, June 26, 2023, importers will pay more import duty for the clearance of their cargoes at the nation’s seaports as the Central Bank of Nigeria (CBN) has increased...

FG Says Discos Failed To Remit N208bn In 2022   Power distribution companies failed to remit a total of N208.8bn to the Nigeria Electricity Supply Industry in 2022, the Federal Government has said. Figures obtained on Sunday from the latest Fourth Quarter...

Transactions On NGX Gain Traction, Rise To N1.04trn In 5 Months   Amid the price appreciation and bullish sentiments, the total transactions performed by investors on the floor of the Nigerian Exchange Limited (NGX) has so far risen to N1.04 trillion...

Lack Of License, Foreign Exchange, Others Hinder Fuel Importation   Barely a month after deregulation, operators in the downstream sector have not been able to import petrol into Nigeria, due mainly to a lack of license and foreign exchange. Checks during weekend,...