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Ekemini 13913 posts 0 comments

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NNPC: $21bn NLNG Funds Legally Withdrawn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…
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NIGERIA

Business

NUPENG Backs NNPC, Urges Transparency in Warri, Port Harcourt Refinery Revival MoU

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World

UN Warns Trump Against Iran Strikes as Deadline Nears:…

Apr 7, 2026

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

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