Business

Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1

However, on the Investors and Exporters’ (I&E) window, the naira closed at N781/$1 compared with its opening rate of N782/$1.

1 year ago

Naira Advances Towards N1000 Per $1, Hits Record Low Of N915 To $1 At Parallel Market

Nigeria’s economy has been under pressure since the Central Bank of Nigeria (CBN) floated the currency in June.

1 year ago

Court Freezes Seplat Co-Founder Orjiakor’s Accounts, Assets Over Alleged Indebtedness to Access Bank 

The court also restrained Orjiakor or any other person under his authority, from withdrawing from or dealing with his funds…

1 year ago

Dangote Hails Tinubu’s Quest To Ramp Up Tax Collection, Block Revenue Leakages

He also urged the tax committee to widen the country’s tax net, so as to reduce pressure on those that…

1 year ago

Airlines Spend Longer Flight Time Across Africa With Closure of Niger’s Airspace

Airlines flying between Europe and southern Africa would need to reroute and add 1000 or more extra kilometers to their…

1 year ago

Zenith Bank, AfCFTA Sign Agreement To Develop SMARTAfCFTA Portal

The CBN commended Zenith Bank for the promotion of Nigeria's non-oil based export profit.

1 year ago

Nigeria Says It Loses $26bn Annually  To Tax System Gaps

Taiwo Oyedele lamented that those who evade taxes get away with no consequences, and said this needs to change.

1 year ago

Olusegun Aganga: I Visited 68 Countries To Market Nigeria, Attract Investments

He said his tenure in government successfully made Nigeria the number one destination for investments in Africa.

1 year ago

Siemens Deal to Fix Nigeria’s Power Sector Problems Faces Delay

The agreement was meant to include the rehabilitation, upgrade and expansion of transmission and distribution networks.

1 year ago