CBN: Allegation of N89tn Stamp Duty Fraud is Ridiculous, Baseless
The apex bank said it has nothing to do with stamp duty collections other than keeping the records.
Nigeria Remains Destination Of Choice For Corporate America To Invest, Buhari Declares
He said Nigeria remains Africa’s largest single consumer market, projected to account for over 15% of overall growth by 2025.
Nigeria, US Firm Sign $10bn Agreement On Clean, Reliable Electricity
Phase one is set to begin first quarter of 2023.
Nigeria Unveils 10-Year Plan to Achieve Self-Sufficiency in Rice Production
The deputy minister of Agriculture said the FG remained extremely committed to the promotion of the sector.
Court Refuses Motion Seeking to Stop CBN’s Cash Withdrawal Limits, Naira Redesign
The CBN Governor Godwin Emefiele has promised to brief lawmakers soon.
France Provides €110M Facility for Kaduna’s BRT
It is expected that 160,000 passengers will commute daily on the system.
Bank of England Lifts Interest Rate to 14-year High
The hike was less than in November when it lifted borrowing costs by 0.75 percentage points.
Nigeria Says 619.7m Barrels of Crude Oil Valued at N16.25trn Lost to Theft, Sabotage in 12 Years
It said it’s regrettable that dsspite an economy largely dependent on oil, some Nigerians would choose to collude with foreign nationals to steal and sabotage the country’s main sources of revenue.
Nigeria Senate to Debate CBN’s Cash Withdrawal Limits on Wednesday
The apex bank has limited maximum cash withdrawal limit for individuals to N100,000 and corporate bodies to N500,000 per week.
US SEC Charges ex-FTX Boss Bankman-Fried With Defrauding Investors
We allege that Sam Bankman-Fried built a house of cards on a foundation of deception
Sale of Forfeited Assets by EFCC Opens in Abuja, Benin, Port Harcourt
Hundreds of potential buyers throng EFCC offices.
Oil Marketers: Subsidy Has Diminished Nigerian Institutions’ Capacity to Deal with Energy Crisis
DSS threat won’t guarantee availability of products nationwide, petrol retailers say.
Microsoft to Buy Minor Stake in London Stock Exchange
Microsoft will acquire a holding worth £1.5 billion ($1.8 billion) at current prices
Emefiele: CBN, Banks to Promote Nigerian Exports with over N500bn
He reiterated that the apex bank will continue FX sales to banks.
Osinbajo: Carbon Credit Market Can Create Positive Effect on Nigeria’s Economy
He says Nigeria and other African nations are ready to activate carbon plans.
Nigeria: Emefiele Challenges Banks to Meet Forex Needs of Customers without Relying on Government
He admitted there’s a shortage of foreign exchange to meet genuine import needs of Nigerians.
Alleged 2bn Debt: Appeal Court Annuls Sale of Intercontinental Hotel, Orders Return to Milan Group
It held that Milan Industries Ltd had fully paid the bank the N2 billion mortgage facility it secured from Polaris Bank.
Lagos Seeks to Take Over State’s Electricity Regulation from NERC
The state government has sent a repeal of the Lagos State Electricity Law of 2018 to the State House of Assembly.
US: FTC Sues to Block Microsoft’s $69 billion Acquisition of Game Giant Activision
It signaled a broader strategy at the agency to bring cases against deals that may pose competitive threats in the future.
Nigeria’s Cashless Policy Subject To Periodic Review, Says CBN Governor Emefiele
He said one trillion naira old notes now in CBN and other banks’ vaults.
