No Dollar Spent On Cement Import In Seven Years, Says Emefiele   The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria has not spent dollars to import cement in the last seven years. A statement from the CBN said he spoke at...

Fed Govt To Spend 94% Of 2022 Revenue On Debt Servicing - Report   August&Co, a global research and credit rating institution, estimates that Nigeria will incur N4.7 trillion on debt serving this year. The amount is 94 per cent of its N5 trillion revenue projection for...

CBN Releases e-invoicing Guidelines For Import, Exports   The Central Bank of Nigeria (CBN) has released guidelines for the newly-introduced electronic invoicing (e-invoicing) and evaluator for exporters and importers, saying the process commences on February 1, 2022. The new regulation, it stated, is aimed at determining the...

Kwara Joins Top Rice Producing States In Nigeria ...produces over 102,000 metric tons of rice paddy during dry and wet season     Kwara State has joined elite states in rice production in Nigeria, with its over 102,000 metric tons output during wet and dry season of this...

'CBN May Devalue Naira By 10%'   A senior Investment Strategist at Standard Chartered, Abhilash Narayan, has said the Central Bank of Nigeria (CBN) may be seen to devalue the naira by as much as 10 per cent in 2022. Narayan stated this during a webinar themed...

Prices Of Rice, Other Food Items To Crash Soon - Buhari   President Muhammadu Buhari has assured Nigerians that prices of food items, especially rice will soon come down. The president, who gave the assurance yesterday, during the official unveiling of the Central Bank of Nigeria (CBN)/Rice...