NNPC Plans N126bn Deduction from June Remittance to FAAC

The Nigerian National Petroleum Corporation (NNPC) has served notice to the Federation Account and Allocation Committee…

Forex speculators responsible for naira crisis, says ABCON

Speculators are responsible for the sale of dollars above the exchange rate approved by the Central…

World Bank approves $700m loan for Nigeria

The World Bank has approved a $700 million loan for the Nigeria Sustainable Urban and Rural…

Naira slips to 490/$ at parallel market, CBN plans digital currency

The naira exchanged to the dollar at N490/$ at the parallel market on Thursday. According to…

NNPC Seeks to Acquire 20% Stake in Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority…

Experts fault naira devaluation, say prices’ll rise, poverty deepened

Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria,…

JTB Urges Amendment to Conflicting Provisions in FIRS, FCT-IRS Acts

The Chairman, Joint Tax Board and Federal Inland Revenue Services (FIRS), Muhammad Nami, has appealed to…

CBN sustains weekly dollar sales to BDCs

The Central Bank of Nigeria has continued to fund bureaux de change (BDCs) segment of the…

W’Bank Mulls COVID-19 Vaccine Production in Africa

The World Bank will in the next few weeks make some major announcements concerning its efforts…

CBN sets new capital base for payment firms

The Central Bank of Nigeria has set new capital requirements for payment firms in the country.…