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Business

Tinubu sets ambitious N1,500/dollar exchange rate target for 2025 budget

President Bola Tinubu has set an ambitious target of stabilizing Nigeria’s exchange rate at N1,500 to the dollar as part of his administration’s economic...
Business

Bill Gates rates Nigeria’s tax collection rate, says it’s too low

The co-chair of the Bill and Melinda Gates Foundation, Bill Gates, stated yesterday that Nigeria’s tax collection rates are low, pointing out that this...
Business

Subsidy removal, exchange rate unification implementation faulty – Obasanjo

Former President Olusegun Obasanjo has blasted President Bola Tinubu’s over the removal of fuel subsidy and the unification of the exchange rate.Although the former...
Business

MPC will do anything necessary to tame inflation, says Cardoso

By: Babajide OkeowoOlayemi Cardoso, the Governor of the Central Bank of Nigeria, has disclosed that members of the Monetary Policy Committee (MPC) will do...
Business

CPPE decries volatility of Customs duty exchange rate

The Center for Promotion of Private Enterprises (CPPE) has decried the volatility and frequent movement of the Nigeria Customs Service (NCS) duty exchange rates.The...
Business

Amid naira’s value fluctuation, CBN raises Customs FX duty rate for cargo clearance to N1,327.35/$1

As the Nigerian official currency, the naira continues to fluctuate in va the Central Bank of Nigeria (CBN), has again raised the exchange rate...
Business

CBN sells dollars to BDCs below market rate at N1,101/$1, in continued defence of naira

In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange...
Business

Again, CBN raises Customs import duty rate to N1, 481/$1

The Central Bank of Nigeria (CBN) has increased the exchange rate for Nigeria Customs Service (NCS) import duty rate at the nation’s seaports.The rate...
Business

Prices of goods to rise as Customs increases exchange rate for cargo clearance to N1356.8/$1

Nigerians may be forced to pay more for goods as the Nigerian Customs Service (NCS) has increased the exchange rate for the clearance of...
Business

Why Inflation Has Defied All Measures Put In Place By CBN, Agric Ministry— Expert

Some economic and financial experts have revealed why the country’s inflation has defied all measures put in place to curtail its consecutive surge under...
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