EFCC Convicts 50 People for Racketeeringg and Dollarisation of the Economy
The EFCC chairman, Ola Olukoyede, has said the commission has convicted over 50 persons for naira racketeering and dollarisation of...
Business
BMI Report: Naira Depreciation to Impact Nigeria’s Medical Device Market by 2028.
A new BMI Research report, part of Fitch Solutions, forecasts that Nigeria's currency, the naira, will depreciate to N1,993 per...
NDIC to Begin Sale of Heritage Bank Assets on December 4.
According to a statement from Bashir Nuhu, NDIC's director of communication and public affairs, the sale of Heritage Bank's assets...
Naira Appreciates to N1,725/$ in Parallel Market
Yesterday, the Naira appreciated to N1,725 per dollar in the parallel market, up from N1,730 per dollar on Wednesday. In...
Naira Appreciates to N1,730 Per Dollar In Parallel Market
The Naira yesterday appreciated to N1,730 Per dollar on the parallel market on Wednesday. However, the Naira depreciated to N1,675.49...
FCCPC Targets Price-Fixing Cartels in Poultry and Packaging Sectors.
The poultry and packaging cartels in Nigeria have been exposed by the Federal Competition and Consumer Protection Commission (FCCPC) for...
Pump prices increase once more, reaching N1,025 in Lagos and N1,050 in Abuja.
For the second time in three weeks, the price of petrol has increased at the Nigerian National Petroleum Corporation Limited...
House of Reps Orders CBN to Withdraw Old Naira Notes by January 2025.
The Central Bank of Nigeria (CBN) has been urged by the House of Representatives to make sure that all obsolete...
“BRICS Welcomes Nigeria as Partner Country, Featuring Its Name on Proposed Reserve Currency”
At the current BRICS summit in Kazan, Russia, which is taking place from October 22 to 24, 2024, Nigeria and...
Finance Minister Edun Announces 15% VAT Increase on Luxury Goods.
The federal government intends to increase the Value Added Tax (VAT) to 15%, with a primary focus on luxury products,...
