Travellers To Access $4,000 As CBN Boosts Forex Supplies   Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase forex supplies. Sources from some of the banks said those travelling on business...

2020 Finance Act Improving Tax Collection – CITN     Newly elected president of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Adesina Adedayo, has lauded the federal government for implementing the tax reforms which he said were recommended by past Study and Working Groups of...

NLNG Records $110bn Revenue       The Nigerian Liquidfied Natural Gas (NLNG) yesterday said its revenue generation since 1999 has exceeded $110 billion. Its Managing Director, Mr. Tony Attah made this known at the press conference in Abuja, where he announced the firm’s Sales and Purchase Agreements (SPAs)...

LCCI Lists Effect Of Twitter Ban On Businesses       The Lagos Chamber of Commerce and Industry (LCCI) has warned against what it described as collateral damage the suspension of Twitter operations in Nigeria would cause. Its Director-General, Dr Muda Yusuf said many businesses, especially small medium enterprises...

NEXIM Rolls Out N500bn For Non-Oil Export       The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export Development Fund at single digit interest rate to support the production and export of goods and services. Managing Director and Chief...

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs         The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...