The scarcity of fuel in Zamfara State has hit many businesses that depend on petrol usage as they now operate on the lowest ebbs. An investigation carried out by DAILY POST in...
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1 Minute
NNPC clears air on increase in petrol price, shortage of supply
The Nigerian National Petroleum Corporation (NNPC) has warned the public against buying Premium Motor Spirit, also known as petrol, in a panic. The NNPC also stated that it was...
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1 Minute
FG, States, councils share N739.9B as VAT falls, statutory revenue up
The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government, N739.965 billion as revenue allocation for September. In August, N696.965 billion was distributed to all the tiers of government. According...
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eNaira: PMB predicts Increase in Nigeria’s GDP By $29bn, give reasons
President Muhammadu Buhari has said Nigeria’s new digital currency, eNaira, will increase the country’s Gross Domestic Product by $29 billion over the next 10 years. The President said this on Monday at...
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3 Minutes
Nigeria: CBN Launches Digital Currency, Puts eNaira Wallet Apps On Google And Apple Stores (Download Here)
The nation’s apex bank, Central Bank of Nigeria (CBN) has rolled out eNaira, which is Nigeria’s first digital currency. The digital currency has two applications which are eNaira speed wallet and eNaira merchant wallet....
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4 Minutes
Exchange rate falls at official forex market as crude oil, crypto markets suffer losses
The exchange rate between the naira and the US dollar closed at N415.07/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated on Thursday against the US dollar to close...
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2 Minutes
CBN To Banks: Adopt Official FX Rate For Intra-African Transactions
Commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in the importer and exporter window (I&E) for cross border payments through the Pan-African Payments and Settlement...
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2 Minutes
Naira Devaluation: Osinbajo’s Spokesperson Clarifies Vice President’s Statement
Laolu Akande, media aide to Professor Yemi Osinbajo, the Vice-President of Nigeria has clarified that his principal did not call for the devaluation of the naira. Recall that Osinbajo on Monday at the midterm...
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1 Minute
Naira loses further at official market
Naira fell marginally against the U.S. dollar at the official market on Wednesday, as foreign exchange supply increased significantly from what was recorded in the previous session on Tuesday. Data from FMDQ securities exchange...
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3 Minutes
FG Ready To Challenge States At Supreme Court Over VAT – Malami
Attorney-general of the federation, Abubakar Malami has stated that the federal government is ready to challenge stated at the supreme court over the collection of value-added tax (VAT). Recall that the Federal Inland Revenue...
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