Nigerian Naira Appreciates Against Dollar in Forex Window
On Wednesday, the Nigerian naira appreciated against the US dollar on the Investor & Exporter forex window, closing at 793.70/$.…
Day: July 20, 2023
Ecobank appeals Honeywell’s N72bn court judgement
Ecobank Nigeria Limited has appealed the ruling of the Federal High Court in Lagos, which ordered the bank to pay…
NECA Calls on Nigerian Government to Develop Implementable Economic and Industrial Policies
The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to formulate and implement implementable economic and industrial policies…
Nigeria Needs Over 400,000 Data Protection Officers to Ensure Compliance with Data Protection Act
The Nigeria Data Protection Bureau (NDPB) has stated that Nigeria will require more than 400,000 Data Protection Officers (DPOs) to…
MANEG Collaborates with Key Stakeholders to Empower Non-Oil Exporters under AfCFTA
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has announced its collaboration with key stakeholders from the public and…
IMF Reports a Strong Dollar’s Impact on Emerging Economies, Including Nigeria
The International Monetary Fund (IMF) revealed that a 10% appreciation in the US dollar, driven by global financial market forces,…
Kenya’s Foreign Exchange Reserves Expected to Remain Under Pressure, Says IMF
The International Monetary Fund (IMF) predicts that Kenya’s official foreign exchange reserves will continue to face challenges despite recent inflows,…
ASEA and ECA Sign Memorandum of Understanding to Drive Financial Market Development in Africa
The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have signed a significant Memorandum…
Fluctuations in FX Rate Trigger Petrol Price Increase, Says Oil Marketers Association
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr. Olumide Adeosun, revealed that fluctuations in the foreign…
Nigeria Customs Service to Review Automobile Levy Amidst Import Challenges
The acting Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, announced that the service would seek a review of…
End of Downstream Monopoly: First Batch of Privately Imported Petrol Arrives in Nigeria
The first batch of petrol, consisting of 27 million litres, has been imported by an independent marketer, ending the longstanding…