Nigerian socio-political activist, Reno Omokri has claimed that the Naira is constantly crashing against the US Dollar due to the huge external debt the country is owing. He accused President...
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 climbed 0.86 percent to $80.22 a barrel...
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 feedback from virtually all...
The Federation Accounts Allocation Committee (FAAC) has shared N696.965billion as federation allocation for August 2021. Oshundun Olajide, Deputy Director (Information), Ministry of Finance, provided details of the communique on Thursday....
A House of Representative member, Bamidele Salam (PDP-Osun), has called on the Central Bank of Nigeria (CBN) to stop the continuous fall of the value of Naira against the dollar. ...
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 exclusive list will fail. Speaking in an...
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 Communications, Mr. Osita Nwasinobi, said this in...
Salihu Tanko Yakasai, former aide to Kano Governor, Abdullahi Ganduje, has supported Governor Nyesom Wike on payment of tax to the state government. DAILY POST recalls that the Rivers State...
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 (BDC) traders in Lagos...
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 made by the Gombe state commissioner for finance and...