The naira rallied to a recovery at the weekend on the back of sustained increase in the country’s foreign exchange (forex) reserves. The naira appreciated by 1.0 per cent to
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Rivers State Governor, Siminalayi Fubara, has revealed that the state is heavily in debt and that his administration inherited a huge debt profile from the previous administration of Nyesom Wike.
Rivers State Governor, Siminalayi Fubara, has revealed that the state is heavily in debt and that his administration inherited a huge debt profile from the previous administration of Nyesom Wike.
Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate
The Economic and Financial Crimes Commission (EFCC) will arraign a former Central Bank of Nigeria (CBN) governor Godwin Emefiele tomorrow over the unlawful withdrawal of N124.8 billion from the Consolidated Revenue Fund
Africa is the world’s second-largest and second-most populous continent, known for its diverse cultures, landscapes, and wildlife. It’s home to some of the oldest civilisations, stunning natural wonders like the
The National Assembly and the 36 state assemblies of the federation as well as their agencies will spend about N724bn this year, an analysis of their 2024 budgets by The
The International Monetary Fund has advised Nigeria to ask global crypto trading platforms to register or obtain licenses to operate in the country, subjecting them to regulatory requirements. This recommendation
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that
The Northern Elders Forum, NEF, has strongly condemned the Central Bank of Nigeria’s recent decision to impose a cybersecurity levy on bank customers. In a statement released by the NEF’s
