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Revealed: Why CBN crashed exchange rates for Customs duty

The Central Bank of Nigeria (CBN) has crashed dollars for Customs duty clearance in less than 24 hoursThe CBN reduced the rate from N1,588...
Business

Here are list of charges exempted from FG's electronic money transfer levy

The commencement of the N50 Electronic Money Transfer Levy (EMTL) has attracted a myriad of directionsThe development came as fintech firms such as Opay,...
Business

Cooking gas dealers reveal why refills do not last longer

The Liquified Petroleum Gas Association of Nigeria (LPGAR) has asked Nigerian consumers to monitor their gas refills The association spoke amid reports in November alleging...
Business

Why CBN reduced Customs duty rates two times in 24 hours

Barely 24 hours after making the last change, the Central Bank of Nigeria (CBN) has again adjusted the FX rate for Customs dutyCBN crashed...
Business

How Nigeria's external debt added N30 trillion in 2024

The naira devaluation has increased Nigeria’s external debt by about N30.03 trillion between 2023 and June 2024Data from the Debt Management Office (DMO) shows...
Business

NNPC reveals why Port Harcourt is blending petroleum products

Mele Kyari, the group chief executive officer of NNPC, has said blending petrol at the newly refurbished Port Harcourt refinery is not a crimeHe...
Business

Why CBN crashed the dollar for importers to clear cargo

The Central Bank of Nigeria (CBN) has reduced the forex market for cargo clearance at Nigeria’s portsThe development comes amid the significant improvement of...
Business

How to apply for DMO's FGN bonds and earn interest

The DMO disclosed that the two bonds would attract interest rates of 17.48% and 18.48 interest rates, respectivelyIt stated that the first offering is...
Business

Why Lafarge Africa seeks to sell its stake to a Chinese firm

Holcim AG has agreed to sell its 83.8% stake in Lafarge Africa to a Chinese cement company, Huaxim Cement CoThe deal is reportedly valued...
Business

See the list of five African countries with highest number of refineries

Nigeria is leading other African countries with the highest number of refineries on the continent, with about nine refineriesReports say that Africa’s refining capacity...
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