The Nigerian government has asked for the speedy implementation of the Presidential Food Coordinating Unit (PFSCU) to accelerate provision of N250bn loan to farmers
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Do you need a tax ID to open a bank account in Nigeria? Here’s the truth
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CBN crashes dollar with $29 million intervention in FX market
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Naira gains N37, experts warn dollar hoarders of big losses
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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“Hunger, high cost of food items”: Experts say border closure may cost Nigeria $226 million in trade
Experts are worried that the border closure with Niger will result in high cost of living and rise in the cost of airfares in Nigeria to European countries.
Nigeria moves to end taxes on tomatoes, yam, other raw food items
The Nigerian government is making plans to end taxation on raw food such as tomotoes, yam, and other food items in the country as part of plans to adjust taxes.
“N1,000 per Unit”: DMO invites Nigerians to subscribe to two Savings Bonds
The Nigerian government through the Debt Management Office has opened two Savings Bonds for subscription and asked Nigerians to buy at N1,000 & N5,000 per unit
Access Bank, Zenith Bank, UBA, others increase borrowing from CBN to fight cash crisis
Nigerian banks have increased borrowing from the Central Bank of Nigeria with about N755,64 billion as cash squeeze resurfaced in the banking industry in July.
Access Bank, Zenith Bank, Stanbic IBTC, 11 others increase interest Rates on savings deposits
About 11 commercial banks have increased interest in savings accounts following increase in Monetary Policy Rates by the Central Bank of Nigeria in July 2023.
FIRS boss, Nami says Nigeria needs to implement tough reforms to increase tax revenue
The Chairman of Federal Inland Revenue Service (FIRS) Muhammad Nami has said Nigeria needs to take a tough stance on tax to ramp revenue collection in Nigeria.
500, 000 bakers to shut down operations, workers lose jobs over inflation, high cost of materials
About 500,000 bakery workers across Nigeria may lose their jobs as bakeries shut down operations due to the high cost of production and materials in the country
Canada opens new visa applications for carpenters, plumbers, welders, others from Nigeria
The Canadian government has opened a new visa pathways for plumbers, welders and carpenters from Nigeria and other countries as it seeks to woo 500,000 people.
CBN excludes customers of Kuda Bank, Microfinance Finance Banks, others from cash withdrawal limits
The Central Bank of Nigeria has exempted Microfinance Banks and Primary Mortgage Banks from the cash withdrawal limits imposed on commercial banks in Nigeria.
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