Economy
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Currency floating: Private sector, economists back CBN as naira falls to 664/$
The Central Bank of Nigeria has directed Deposit Money Banks to remove the rate cap on the naira at the…
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‘Why US dollars?’ — Kenyan president urges adoption of local currencies for intra-African trade
Kenyan President William Ruto has called on African countries to shift away from using the US dollar for intra-African trade.…
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Naira begins recovery after float, closes at N664/$ at I&E window
The naira closed at N664.04 per dollar at the investors and exporters (I&E) window on Wednesday. Earlier in the day,…
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Revealed: Why EFCC chair was suspended
It’s no longer news that President Bola Ahmed Tinubu, has suspended the Chairman, Economic and Financial Crimes Commission (EFCC), AbdulRasheed…
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Forex: CBN issues 8 new directives to banks, others
he Central Bank of Nigeria (CBN) has released new directives to reduce the restrictions in the foreign exchange market after…
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N124bn expected from new import tax – FG
The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent…
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CBN floats naira at investors’ forex window
The Central Bank of Nigeria has reportedly directed Deposit Money Banks to remove the rate cap on the naira at…
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BREAKING: Tinubu suspends EFCC chair
President Bola Ahmed Tinubu has approved the indefinite suspension of the Chairman of the Economic and Financial Crimes Commission, AbdulRasheed…
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BREAKING: CBN grants banks freedom to trade forex at any rate
The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate. The announcement comes…
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FIRS begins implementation of amended 2023 Finance Act
The Federal Inland Revenue Service, FIRS, has commenced the implementation of the amended Finance Act, 2023.The service in a notice…
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