Why FIRS Generated N12.3trillion in 2023 The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said the organisation witnessed remarkable revenue due to dedication in nurturing and empowering its workforce, and ensuring they possessed the skills, knowledge and tools necessary to excel. Mr. Adedeji,...

ABCON Backs CBN on Non-eligibility of Non-export Dom Accounts as Collateral for Naira Loans The Association of Bureau De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria (CBN)'s recent directive to cease the use of non-oil export domiciliary...

Naira Gains at Parallel Market, Exchanges for N1,150/$1 The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week. According...

Electricity Tariff May Drop If Exchange Rate Falls Below N1,000 – Adelabu The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar. Adelabu said this Thursday...

Power Generation Drops 32.31%, NESO Says Amidst on-going dust raised by the new electricity tariff at the backdrop of inadequate power supply, electricity generation nosedived to 2,775 megawatts, MW, yesterday, a 32.3 percent decline from 4,099.87MW recorded last week. This was contained in the data released...

Manufactured Goods Imports Rise 269% to N9trn – NBS The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022. The figure also...