The Nigerian currency faced a renewed volatility, depreciating in the Nigerians Forein Exchange Market (NFEM) due to the shortage US dollars in the FX market.
Economy
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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
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US Treasury chief to speak with China counterpart as tensions flare
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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Myths, facts about 5% fossil fuel tax as FG exempts 3 products
The Nigerian government has introduced 5% surcharge on petrol and diesel, leading to debate. However, a tax expert, Aderonke Atoyebi, explains the myths and facts.
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