Business Nigeria Rakes In N7.8tr From Company Income Tax In 6yr Dec 4, 2020 0 Nigeria has generated a total of N7.8 trillion from company income tax (CIT) from January 2015 till end of last…
Business Nigeria’s Central Bank Launches Special Bills To Manage Liquidity Dec 4, 2020 0 Nigeria's central bank has introduced special bills to manage excess liquidity on the money market awash with naira…
Business AFRICA-FX-Kenyan, Ugandan Currencies Seen Stable, Zambian Weaker Dec 4, 2020 0 Kenya's and Uganda's currencies are expected to remain stable in the coming week. Zambia's is expected to be under…
Local Court Orders Final Forfeiture Of N235.4m Traced To Invictus Group CEO, Obiwanne… Dec 4, 2020 0 The Federal High Court Sitting in Lagos has ordered the final forfeiture to the Federal Government, the sum of…
Business CBN Eyes $2bn Monthly Diaspora Remittance To Boost Economy Dec 4, 2020 0 Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday said that the apex bank was eyeing close to…
Business NNPC: $21bn NLNG Funds Legally Withdrawn Dec 4, 2020 0 The Nigeria National Petroleum Corporation (NNPC) has said that the withdrawal of over $21 billion from the Nigeria…
Business $24bn Remittances: How Money Transfer Operators Sabotage Naira – Emefiele Dec 4, 2020 0 DESPITE an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have…
Business We Are Working On Diezani’s Extradition, EFCC Tells Court Dec 4, 2020 0 The Economic and Financial Crimes Commission (EFCC) told a Federal High Court in Abuja on Thursday that it has…
Business Stable Oil Prices Won’t Resolve Nigeria’s Economic Challenges’ Dec 4, 2020 0 An investment expert and Chief Executive of EFG Hermes Nigeria Limited, Lilian Olubi, has said that rising oil…
World UN Removes Marijuana From List Of World’s Most Dangerous Drugs Dec 4, 2020 0 A United Nations commission voted to remove marijuana for medicinal purposes from a category of the world’s most…
Business $53m Foreign Airlines’ Funds Trapped In Nigeria Dec 4, 2020 0 Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air…
Business A New Visa Credit Card Offers Bitcoin Rewards Instead Of Miles Or Cash Dec 4, 2020 0 a Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin…
Business Dollar Is Dropping To Multi-Year Lows Against Peers, One By One Dec 4, 2020 0 The dollar is steadily moving down the pack of the world’s currencies in December. The euro, the Australian and…
Business US Soybean Export Council To Establish Excellence Centres In Nigeria Dec 4, 2020 0 The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in…
Business OPEC+ Working On Compromise For 2021 Oil Policy, Sources Say Dec 4, 2020 0 OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week…
Business Dollar Plumbs Two-Year Lows As Stimulus, Vaccine Hopes Boost Risk Appetite Dec 4, 2020 0 The dollar index hit its lowest in more than two years on Thursday, while the euro rose above $1.21 as signs of…
Business Sterling Holds Above $1.34 But Derivatives Signal Brexit Unease Dec 4, 2020 0 Sterling clung on to $1.34 on Thursday thanks to broad dollar weakness, but derivative markets were flashing red on…
Business Nigerian Manufacturers Call For Review Of Border Closure Dec 4, 2020 0 The Manufacturers Association of Nigeria (MAN) has urged the federal government to review its border closure policy…
Business Canadian Dollar Notches A Two-Year High On Higher Oil Prices Dec 4, 2020 0 The Canadian dollar edged higher against its U.S. counterpart on Wednesday, as hopes rose that major oil producers…
Business Nigeria Resumes Petrol Importation From China Dec 4, 2020 0 According to S&P Global Platts, data from the general administration of customs (GAC) of China showed that the…
Business UK Opens New Visa Routes For Skilled Workers Dec 4, 2020 0 Applications for the new skilled worker visa by the UK opened on December 1 The United Kingdom (UK) has launched…
Business CBN Directs Banks To Close Naira Accounts For IMTO Proceeds Dec 3, 2020 0 Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances,…
Business Naira Trades N485/$1 At Parallel Market As CBN Interventions Lessens Pressure… Dec 3, 2020 0 At the same segment, the domestic currency also appreciated by N5 against the Pound to wrap the day at N635/£1 as…
Business CBN Introduces New Bills To Control Liquidity Dec 3, 2020 0 The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial…
Business Naira Gains, Exchanges For 490/$ Dec 3, 2020 0 Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on Monday.…
Business Exporters, Agents Lament Difficulties In Getting CBN Proceeds Number Dec 3, 2020 0 Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds…
Business OPEC+ Resumes Talks On 2021 Oil Policy Amid Disagreements Dec 3, 2020 0 OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions…
Business New CBN Policy Firms Up Naira Value In Parallel Market Dec 3, 2020 0 The Nigerian currency, Naira, yesterday reversed its two weeks depreciation trend in the parallel market, recording…
Business Nigeria Oilfield Sale To Eni, Shell Was Legally ‘Perfect’, Says Ex-Oil… Dec 3, 2020 0 The sale of a Nigerian oilfield to Eni and Royal Dutch Shell was legally “perfect” and there was no proof of any…
Business Sterling At One-Month Low Vs Euro As Brexit Trade Deal Doubts Emerge Dec 3, 2020 0 Sterling fell to a one-month low against the euro and also dipped momentarily below $1.33 on Wednesday as Britain…