The naira rallied to a recovery at the weekend on the back of sustained increase in the country’s foreign exchange (forex) reserves. The naira appreciated by 1.0 per cent to N1, 482.81 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This came
Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the rate of each dollar needed to clear
The Economic and Financial Crimes Commission (EFCC) will arraign a former Central Bank of Nigeria (CBN) governor Godwin Emefiele tomorrow over the unlawful withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. The agency also accused him of approving the printing of
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The National Assembly and the 36 state assemblies of the federation as well as their agencies will spend about N724bn this year, an analysis of their 2024 budgets by The PUNCH has shown. Further findings also showed that the salaries and allowances for
The International Monetary Fund has advised Nigeria to ask global crypto trading platforms to register or obtain licenses to operate in the country, subjecting them to regulatory requirements. This recommendation was made in the IMF’s latest staff report, released on Thursday, following the
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the
The Northern Elders Forum, NEF, has strongly condemned the Central Bank of Nigeria’s recent decision to impose a cybersecurity levy on bank customers. In a statement released by the NEF’s Director of Publicity and Advocacy, Abdul-Azeez Suleiman, the forum expressed its dissatisfaction with
In his passionate urge to serve his people better, the good people of Ihitte/Uboma state
It is the expectation of every parents to see their children achieve success in every
Nigeria’s former First Lady, Hajia Mariam Sani Abacha and her son, Mohammed Sani Abacha, have
The Coalition of Northern Groups (CNG), has lambasted the federal lawmakers, especially those from the