FG Says Car, Fuel Imports Gulp $46bn Annually The Special Adviser to the President on Economic Affairs, Tope Fasua, on Tuesday, urged the Central Bank of Nigeria to reduce the number of bureau de change operators in Nigeria from over 5,000 to about 200. Fasua, a...

FG Rules Out Fresh Taxes, Charges in Aviation   Minister of Aviation and Aerospace Development, Mr Festus Keyamo, yesterday said the plan to improve the revenue generation by aviation agencies was not tantamount to raising taxes and charges. However, he said the federal government’s intention was to...

Manufacturers Dismiss 3,567 Workers in H1, 2023 – MAN No fewer than 3,567 jobs were lost in the manufacturing sector in the first half of 2023 according to figures obtained from the Manufacturers Association of Nigeria (MAN). MAN disclosed this in its half yearly review of...

NGX Sustains Negative Trading With N126bn Loss The market capitalisation of the Nigerian Exchange Limited (NGX) dipped by N126bn on Tuesday, marking the fifth consecutive negative trading session on the local bourse. The equity market kicked off the week’s trading session with a loss of N242bn...

Naira Hits N1000/$1 at Parallel Market The disparity between the official and parallel market rate is now very much wider than anticipated as the dollar at parallel market, on Tuesday, sold at N1000/$1 at the end of transactions. According to traders who spoke to Daily Sun,...

Senate Confirms Cardoso As New CBN Gov, Deputies  The Senate on Tuesday confirmed the nomination of Olayemi Cardoso as substantive Governor of the Central Bank of Nigeria (CBN). Cardoso was screened alongside four nominees for the positions of CBN Deputy Governors, to steer affairs of the...