Nigeria Sees Record $57 Billion in FX Inflows by August 2024
Foreign exchange inflows to Nigeria have reached an impressive $57 billion as of August 2024, according to the Central Bank…
Day: October 24, 2024
IMF Urges Nigeria to Enhance Tax Collection for Improved Revenue Generation
The International Monetary Fund (IMF) has advised the Nigerian government to implement a more effective tax collection system to expand…
Dangote Refinery Begins Direct Petrol Supply Amid Rising Imports
The Dangote Petroleum Refinery has commenced direct sales of Premium Motor Spirit (PMS), or petrol, to various oil marketers, bypassing…
First Bank fixes October 26 for system migration
First Bank has announced plans to migrate to a new cloud-based procurement and financial platform, aiming to enhance operational efficiency…
Mainpower DisCo takes over electricity distribution in Enugu State
Mainpower Electricity Distribution Limited, a subsidiary of the Enugu Electricity Distribution Company (EEDC), has received an interim license from the…
U.S. And Nigeria Launch Cryptocurrency Crime Task Force
The U.S. Department of Justice and the Nigerian government have established a Bilateral Liaison Group to address illicit finance and…
Insurance Industry Key to Nigeria’s Economic Transformation, NIA Chairman
The Chairman of the Nigerian Insurers Association (NIA), Mr. Kunle Ahmed, emphasized the critical role that the insurance industry plays…
Protesting staff’s request beyond NAFDAC – Consultant
The ongoing strike by the National Agency for Food and Drug Administration and Control (NAFDAC) employees, organized by the Senior…
Forex crisis stalls Nigeria’s participation in $3.4tn AFCFTA – Exporters
Four months into Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) under the Guided Trade Initiative, local exporters…