Naira falls to N1089/$ on official I&E window
The naira fell to N1089.51/$ on the official Investor and Exporter window on Tuesday. The currency fell by 27.19 per…
CBN lifts ban on cryptocurrency transactions, issues guidelines
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard…
FG, states, LGAs share N1.08trn as revenue allocation for November
The three tiers of government on Friday shared a total sum of N1.088.783 trillion as revenue allocation for November. The…
FIRS Grants Waivers on Penalties, Interests for Outstanding Tax Liabilities
Federal Inland Revenue Service (FIRS) has granted taxpayers and businesses full waiver on accumulated penalties and interests for outstanding tax…
Economists Caution CBN Gov on Repeating Mistakes of 2005 Recapitalisation
With plans by the Central Bank of Nigeria (CBN) to introduce a new capital base for deposit money banks in…
CBN to introduce new Forex laws, guidelines to tackle naira depreciation — Cardoso
Governor of Central Bank of Nigeria, CBN, Mr Yemi Cardoso said yesterday that the apex bank will soon introduce a…
Odengene Air Shuttle Acquires New Leonardo AW-139 To Boost Offshore Operations
Odengene Air Shuttle (OAS) Helicopters; an offshore and allied aviation services company, has announced acquisition of a new equipment, 2023…
CBN says old naira notes still legal tender
The Central Bank of Nigeria (CBN) has warned against the rejection of any bank notes it has issued in line…
Nigeria’s Apex Bank Begins Clearance of $10bn Forex Backlogs of Foreign Airlines, Others
The Central Bank of Nigeria (CBN), has started clearing over $10 billion foreign exchange backlogs of commercial banks and foreign…
FG Approves N2.1Trn Supplementary Budget
The federal government has approved a supplementary budget totaling N2.1 trillion. The Minister of Budget and Economic Planning, Atiku Bagudu,…
FX: Rise in Inflation predicted following Forex crisis
Inflation rate is projected to increase by 83 basis points (bps) year-on-year (y/y) to 27.54 in October. The figure would…
Naira declines further despite CBN’s policy reversal, as MAN warns against lifting of forex ban on 43 items
Naira closed at N848.12 to the dollar on Tuesday, October 17, at the official window days after the Central Bank of…
Recent News
CBN Gives PoS Operators’ July 7 Deadline For Registration With CAC
The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to…
Coastal Highway: ‘You lack moral right to allege corruption’, Onanuga fires back at Atiku
The Presidency, on Monday, tackled former Vice President Atiku Abubakar over his claim of conflict of interest in the award…
Stay connected