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Category: Economy

Reasons Behind Incessant Fall Of Naira Against Dollar – Reno Omokri Explains

      Nigerian socio-political activist, Reno Omokri has claimed that the Naira is constantly crashing against the US Dollar due to the huge external debt...

Oil price logs $80 per barrel for first time in three years

Oil prices continued to surge as Brent crude, global oil benchmark, climbed a three-year high amid increasing demand for the commodity. At 11.25 am Tuesday, Brent crude...

Here’s How We Can Save The Naira From Hitting 1,000 Per Dollar?

By Mayowa Tijani In the past few weeks, I have written extensively about the naira and Nigeria’s foreign exchange regime. As a result, I have got quite a lot of...

Allocation: FG, States, LGs Share N697bn For August – FAAC

      The Federation Accounts Allocation Committee (FAAC) has shared N696.965billion as federation allocation for August 2021.   Oshundun Olajide,...

Emefiele’s Humiliation Deepens As House Of Reps Member Alleges CBN Of Deliberately Devaluing Naira

      A House of Representative member, Bamidele Salam (PDP–Osun), has called on the Central Bank of Nigeria (CBN) to stop the continuous fall of...

VAT collection: Akeredolu talks tough, warns FG

Rotimi Akeredolu, governor of Ondo state, says the move by the Federal Inland Revenue Service (FIRS) to amend the constitution by including value-added tax (VAT) in the...

Domiciliary: No plan to convert currencies — CBN reveals

The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate...

Revive Your Region’s Economy – Ganduje’s Ex Aide Blasts Northerners For Opposing Wike Over VAT

    Salihu Tanko Yakasai, former aide to Kano Governor, Abdullahi Ganduje, has supported Governor Nyesom Wike on payment of tax to the state government.  ...

Naira hits 48-year-low, trades at 545/$, Pounds Now N740

The Nigerian naira depreciated to its lowest level in 48 years, trading between N540 and N545 to a US dollar in Lagos on Thursday. Parallel market and bureau de change...

‘Be your brothers’ keepers’ — says Gombe as FIRS, Lagos, Rivers Lock Horns Over VAT

Government of Gombe state has asked Lagos and Rivers governments to reconsider their resolution on collecting value-added tax (VAT) in their states. This request was...