New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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How the National Single Window transforms Nigerian commerce
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US govt protests import bans on 25 products by Nigerian govt, shares lists
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CBN issues phone number, email address to report PoS operators charging higher than approved rate
The Central Bank of Nigeria has directed the general public to contact it via phone numbers and email to report PoS operators and naira sellers in Nigeria.
Currency in circulation drops to all-time low of N982 billion
The Central Bank of Nigeria has stated that the currency in circulation has been reduced to N982 billion since February due to its cashless policy, naira swap
Buhari’s Finance Minister asks Tibubu’s Government to raise VAT to 10 per cent, says Buhari will remove fuel subsidy before May, 29, 2023
The Minister of Finance, Budget, and National Planning, Zainab Ahmed has urged the incoming government to increase VAT to 10%, saying Buhari will remove subsidy
Nigeria's revenue agency, FIRS, signs MoU with UK's HM Revenue and Customs on capacity building
Nigeria's revenue agency, the Federal Inland Revue Service (FIRS) is collaborating with its United Kingdom counterpart to build capacity and signed an MoU.
199 export firms to get N308.45 billion in Promissory Note from FG
About 199 exporting companies have received about N308.45 billion from the Nigerian government in promissory Notes, which were approved by the National Assembly
Nigeria missing in list of African countries with the worst inflation rates in 2023
Nigeria was not named among the top 10 countries in Africa with the worst inflation rates, which has been credited to a number of factors like naira scarcity.
Report says high-interest rates will make Nigerians, citizens of 9 other countries unable to borrow money
Nigerians and citizens of nine other countries may not have access to loans because of high-interest rates caused by high inflation. Zimbabwe tops the list.
4 days after CBN's order, Nigerians continue to queue for cash as banks complain of old notes’ shortage
Several bank customers are lamenting the continued scarcity of old naira notes despite CBN's new directives four days after, while banks say they have no cash
Ex-CBN deputy governor Kingsley Moghalu points out two problems with naira design policy
Former CBN Deputy Governor Kingsley Moghalu said there are two problems with the recent naira redesign policy of the Central Bank of Nigeria as many felt bad.
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