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...
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‘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 made by the Gombe state commissioner for finance and...
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2 Minutes
Digital currency: 9 Things You Need To Know About E-Naira
The Central Bank of Nigeria (CBN) introduced e-Naira after the ban on Cryptocurrency. It is a form of digital currency that allows exchange between people online. CBN banned the use of cryptocurrency because it...
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2 Minutes
DBN: N400bn Disbursed To Over 150,000 SME’s In 4 Years
The Development Bank of Nigeria (DBN) has stated that it has disbursed a total sum of N400 billion to small and medium enterprises (SMEs) in the country since its inception in...
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3 Minutes
We Spent N541bn On Petrol Subsidy In Six Months – NNPC
The Nigerian National Petroleum Corporation (NNPC) has stated that it spent N541.65 billion on petrol subsidy between February and July 2021. This was contained in a document detailing the...
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2 Minutes
Naira falls to N527 to dollar at parallel market
The naira on Monday weakened to new low of N527 to dollar in the parallel market. The local currency position represents N3 depreciation from N524 to dollar it closed last week. The naira is...
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2 Minutes
Despite PIA, Petrol Price Won’t Change Until Negotiation With Labour Concluded – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) has stated that the signing into law of the Petroleum Industry Bill does not translate to an immediate increase in the price of petrol. President Muhammadu Buhari...
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4 Minutes
Top Three Richest People In Ondo State And Their Net Worth
Author: Tunde Bright Olorungbotemi Ondo State is a Yoruba state in southwestern Nigeria. Created in February 1976 from the former Western State, Ondo State borders Ekiti State (formally part of the state). The state’s...
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2 Minutes
Naira weakens further to 517 against dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US currency at the parallel...
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1 Minute
Nigerians To Pay For Using Federal Roads (See List Of Toll charges)
The Nigerian Government has announced the return of Toll gates on all Federal roads in the country. The Nigerian Government has announced the approval of a new policy for tollgates across the country. This...
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