The Central Bank of Nigeria has reduced the Customs duty exchange rate for cargo clearances at Nigeria's ports as the naira's gains against US dollar.
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CBN reacts to the rumoured sack of Godwin Emeifele as pressure mounts over state of the economy
Although he is yet to openly declare or denied his intention, some group of farmers already purchased his 100 million forms, while he just recently withdrew.
Currency traders warn CBN naira could hit N800/$1 as Nigerians now prefer to save in dollars
Bureaux de Change Operators of Nigeria have expressed worried over the dwindling exchange rate warning that it could get worst before year end over speculations
FG set to spend N999m daily on 10 million pupils daily under its Home-Grown School Feeding Programme
The federal government is set to feed over 10 million Nigerian children with 999 million across the country under its school feeding programme launched in 2016.
FG set to remove 5% tax on every airtime purchase by Nigerians, as it looks to raise funds for N17.1trn Budget
President Muhammadu Buhari reportedly approved the five per cent tax on airtime in May 2022 few days after telecommunication operators demanded permission.
For the first time in 2 years, CBN announces an increase in banks lending rate as it seeks to tackle inflation
The cost of borrowing is set to increase as the Central Bank of Nigeria for the first time in two years has decided to increase the base rate for interest.
CBN denies reports claiming that Naira notes will soon be out of circulation, replaced with eNaira
CBN has denied a move to replace Naira notes with eNaira noting the latter is to ensure greater access to financial services by the underbanked and unbanked.
Elon Musk losses $69 billion in 5 months as Twitter acquisition may hit the rocks
The title of the world’s richest man in the world may slip through Elon Musk’s fingers as his wealth has now plunged to $201 billion, almost at par with Bezos.
CBN instructs banks to seek customer consent before sharing their personal data, payment service
To protect the confidentiality, integrity and availability of information and data in the open banking system, all participants shall implement Information.
Exercise Books, Textbooks, other Print materials to Become more Costly as Cost of Paper Imports hit N1.23trn
Printing materials in the country is set to get more expensive in the coming months as the cost of importing paper from countries rises to over N300 billion.
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