Nigerians Spent N74bn To Import Motorcycles In Q1, 2022
As the Lagos State Government clamps down on commercial motorcyclists and while some states try to regulate their activities, the National Bureau of Statistics (NBS) has said N74 billion was used to import motorcycles in the...
FG Suspends $950m Eurobond Borrowing Over Pricing
The Federal Government has shelved plans to raise about $950m selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising, The Minister of Finance, Zainab Ahmed, has said.
Ahmed had said in April...
NPA MD Says Tin-Can Island Port Repairs To Gulp N360bn
Indication has emerged that the reconstruction of Nigeria’s second largest seaport, the Tin-Can Island Port in Lagos, will gulp about 600 million US dollars (N360 billion).
Recall that the Nigeria Ports Authority (NPA) hinted at rehabilitating...
Free Trade Zones Contributes N29bn Tax In 2 Years - NEZA
The Nigeria Economic Zones Association (NEZA) has said the special economic zones in the country are not used for tax evasion but a source of gaining more revenue through custom duties and VAT than...
SEC Initiates Measures To Tackle Fraud, Unclaimed Dividends
The Securities and Exchange Commission (SEC) is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed dividends, a statement by the commission on Sunday said.
The Director-General, SEC,...
Nigeria’s Foreign Reserves Drop To $39.5bn
Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five per cent from $40.521bn reported by end of December 2021, according to the calculations of reserves movements on the Central Bank of Nigeria’s website.
On the other...
