It has pegged the withdrawal from domiciliary accounts at $10, 000 per day.

THISDAY reported last week that at least two oil tanker owners were staying away from Nigeria after several companies received backdated tax bills totalling millions of dollars.

It’s President said ICAN is positioned to play a vital role in the improvement of public sector financial management and accountability in Nigeria.

The platform has started commercial operations with nine countries signed up so far, the Bank’s President Oramah said.

Just ahead of World Refugee Day on Tuesday, more than 40 corporations say they will hire, connect to work or train a total of 250,000 refugees

Microsoft’s explanation in a blog post Friday evening followed a request by The Associated Press two days earlier. Slim on details, the post said the attacks “temporarily impacted availability” of some services.

It said the move was in furtherance of efforts to liberalise the payout of diaspora remittances.

The pipeline which will originate from Brass Island (Nigeria) will supply gas to Morocco, 13 other African countries and Europe.

The Fund said it’s ready to provide technical assistance to enable the policy succeed.

It was reported on Wednesday that the naira, during trading hours at the I&E window, sold for between N750 and N755 per dollar before appreciating to close at N664.04.

If this recommendation is implemented, many BDC operators may be forced to shutdown.

It said $12bn is needed to clear FX backlog  as currency unification jerks public debt to N82 trillion.

They said the price of a 45,000-litre truck jumped from N7m to N25m and insist no funds for new stock without debt settlement.

A Shell spokesperson disclosed that the Joint Venture and other stakeholders have commenced investigation to unravel the cause of the incident.


They also projected that Nigeria would need over $250bn annual investment in the transport sector to meet the Sustainable Development Goals.

This is the fifth consecutive rise in the Nigeria’s inflation rate in the year 2023.

A South African initially complained about “inhumane” working conditions, deceptive hiring practises and irregular and inadequate pay.

Ahmed stated that since the market had been deregulated, marketers could begin to source for FX where it is available without resorting to the government.

The tie-up of Vodafone U.K. and Three U.K., which is owned by Hong Kong’s CK Hutchison, would create Britain’s biggest mobile phone player, with a combined 27 million customers.

He condemned the shareholding of Nigeria Air and said that even though the Ethiopians have 49% of the shareholding, they are not bringing any penny into the country.