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,...
CBN, Bill Gates Foundation Partner On Financial Inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation have finalised the plan to drive financial inclusion in the country.
According to a statement from the apex bank on...
Economic Zones Attracted $364.6m FDIs In Four Years - NEPZA
The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has disclosed that the country attracted $364.6 million in Foreign Direct Investments (FDIs) between 2020 and the...
