JUST IN: Exchange rate falls to N993 to $1
The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold officially.
This represents a massive...
Inflation: CBN raises interest rate to 15.5%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in a bid to curb...
Motorcyclists in Cameroon protest against Tinubu over removal of fuel subsidy...
A video of some commercial motorcyclists in Cameroon, protesting against the removal of fuel subsidy in Nigeria by President Bola Tinubu is trending online.
Previous...
JUST IN: President Buhari to launch new naira note on Wednesday...
Godwin Emefiele, the governor of Nigeria's central bank, has announced that President Buhari will introduce new naira notes on November 23rd, 2022.
This is well...
“VAT Should Be Suspended On Diesel” — Presidential Tax Committee Chair
Taiwo Oyedele, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms has told President Bola Tinubu to suspend Value Added Tax...
Nigeria to rollout 5G Spectrum in August
The Fifth Generation (5G) technology would be implemented this year, according to Umar Danbatta, the chairman of the Nigerian Communications Commission (NCC).
Danbatta said this...
We Advised Buhari To Remove Fuel Subsidy, He Refused — El-Rufai
Nasir el-Rufai, governor of Kaduna has said the All Progressives Congress (APC) asked President Muhammadu Buhari to remove fuel subsidy, he refused.
This is as...
BREAKING: CBN Orders Nigerian Customs Service to use exchange rate on...
The Central Bank of Nigeria has directed the Nigerian Customs Service (NCS) to use the FX closing rate on the date that importers submit...
BREAKING: Naira falls big to N740/$1 on black market Exchange Rate
On the black market, the naira-US dollar exchange rate has dropped to a new low, trading at a minimum of N740/$1 on Tuesday morning....
JUST IN: CBN directs banks to trade Forex freely
The Central Bank of Nigeria (CBN) has granted commercial banks licenses to freely trade at any rate in the foreign exchange market.
This decision came...