NSE: Application Of 0.08% Stamp Duty Begins December 7
The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate…
Category: Business
Extortion Worsens Apapa Gridlock
‘Clearing agents lose average of N300m to illegal collection’ Importers, clearing agents and truck owners…
Nigerian Farm Becomes Country’s Largest Sun-Powered Poultry Plant
Empower New Energy and Rensource have teamed up to create the largest power purchase agreement…
Oil Advances Toward $50 After OPEC+ Clinches Compromise Deal
Oil extended gains toward $50 a barrel after OPEC+ reached a compromise deal to gradually…
Euro Bursts Through Resistance, Dollar Holds Near 2-1/2 Year Low
The euro was headed for its best week in a month on Friday and has…
Naira Steady, Oil Output Slips, Remittances Fall
After hitting a four year low on Monday, the Naira has staged a minor rebound…
Euro Rally’s Just Warming Up As Charts Signal Rise To $1.25
An advance that sent the euro to the highest since 2018 has put a move…
Naira’s Exchange Rate Creates Woes For Businesses
The unstable nature of the naira is a very troubling development for key industry players…
Excitement As New Diaspora Remittances Policy Takes Effect Today
There is palpable excitement among Forex users as the Central Bank of Nigeria’s (CBN) new…
4th Mainland Bridge: Less Than 800 Houses Will Go, FG, LASG Insist
The Federal and Lagos State governments Thursday insisted that less than 800 houses might be…
Nigeria’s Currency Woes Has The CBN Fussing Over Remittances
It is no big reveal that Africa’s largest economy, Nigeria, is the sixth biggest remittance…
Nigeria’s Diaspora Remittance Inflows Could Rise To $2bn Monthly
Abuja — The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said that…
Nigeria Banks To Start FX Payout Under New Diaspora Remittance Rules
Nigerian banks will on Friday commence dollar payout for diaspora inflows and close naira remittance…
Naira Appreciates To N470/$1 At Parallel Market
The Naira’s fighting spirit continued on Thursday and at the close of business, it finished…
Capital Inflows Into The Economy To Remain Weak — LCCI
ECONOMY The Lagos Chamber of Commerce and Industry (LCCI) has predicted that capital inflows into…
Central Bank Of Nigeria Governor Decries The Use Of Parallel Exchange Rate As Citizens Switch To Crypto
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of…
OPEC, Allies Agree To Increase Output By 500,000 Barrels A Day In January
OPEC and a group of Russia-led oil producers agreed to increase their collective output by…
Western Union, MoneyGram, Others To Start Payment Of Forex Remittances To Nigerians Friday — CBN
International money transfer operators (IMTOs) and commercial banks in the country have agreed to start…
Nigeria Needs $3tn To Bridge Infrastructure Gap
The Vice President, Prof. Yemi Osinbajo, on Thursday, said Nigeria requires about $3tn over the…
Heathrow To Start Charging £5 For Airport Drop-Off
BY Harry S. Johnson Heathrow has announced it is exploring a proposal to implement a…
Nigerians Will Witness More Breakthroughs In Oil, Gas Sector In 2021 – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday, assured that the country…
CBN Targeting $2bn Diaspora Remittances Monthly, Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said the target…
OPEC And Allies Agree To Gradually Increase Production After Days Of Discussions
LONDON — OPEC and non-OPEC allies, after days of tense discussions, agreed on Thursday to…
Nigeria Rakes In N7.8tr From Company Income Tax In 6yr
Nigeria has generated a total of N7.8 trillion from company income tax (CIT) from January…
Nigeria’s Central Bank Launches Special Bills To Manage Liquidity
Nigeria’s central bank has introduced special bills to manage excess liquidity on the money market…
AFRICA-FX-Kenyan, Ugandan Currencies Seen Stable, Zambian Weaker
Kenya’s and Uganda’s currencies are expected to remain stable in the coming week. Zambia’s is…
CBN Eyes $2bn Monthly Diaspora Remittance To Boost Economy
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday said that the apex…
NNPC: $21bn NLNG Funds Legally Withdrawn
The Nigeria National Petroleum Corporation (NNPC) has said that the withdrawal of over $21 billion…
$24bn Remittances: How Money Transfer Operators Sabotage Naira – Emefiele
DESPITE an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have…
We Are Working On Diezani’s Extradition, EFCC Tells Court
The Economic and Financial Crimes Commission (EFCC) told a Federal High Court in Abuja on…