BREAKING: Naira Appreciates Sharply Against Dollar in P2P Market
The naira appreciated sharply against the dollar in the peer-to-peer (P2P) market on Friday, gaining N166 in a span of hours, as currency traders re-evaluated their…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Akwa Ibom Govt Seals Two Banks Over Alleged Tax Evasion
“If, after 14 days, they do not comply, we have the mandate of the court to sell the property and recover the tax owed the state,”…
Fintiri Cancels Birthday Celebrations, Blames Economic Hardship
Governor Ahmadu Umaru Fintiri on Wednesday, said he is not disposed to celebrating his upcoming birthday on 27th October while his people are still facing challenges.…
Fidelity Bank woos investors with 250 million dollars non-oil sector investment deals at FITCC HOUSTON 2023
The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading…
Dollar May Hit N2,000 Before Christmas — Atiku’s Aide Warns As Naira Crashes To N1,310
Daniel Bwala, one of the spokespersons for former Vice President Atiku Abubakar, has expressed concerns that the Nigerian Naira may face a daunting depreciation, possibly reaching…
Taraba Youths Back Gov Kefas’ N200bn Loan Request
A coalition of Taraba youths led by the state chairman of the National Youth Council of Nigeria (NYCN), Prince Gara Nongha, has called on those working…
Tinubu’s govt seeks fresh $3.45 billion World Bank loan for five projects
President Bola Tinubu’s government has approved the application for a $3.45 billion loan to finance five items. This decision was reached during the Federal Executive Council…
“Pay your taxes or go to jail” – Wike tells FCT residents
As part of efforts to improve revenue generation in the FCT, the minister, Nyesom Wike, has ordered strict implementation of the Personal Income Tax and the…
36 states, FCT generated N1.93tn IGR in 2022 – NBS
The 36 states and the Federal Capital Territory generated N1.925 trillion as Internally Generated Revenue in 2022. The National Bureau of Statistics disclosed this in its…
$11bn debt: Nigeria wins case against P&ID
Nigeria has won its case against the Process and Industrial Developments Company, P&ID. In the case marked CL-2019-000752, the Federal Government sought to overturn an arbitration…