Central Bank Clarifies Export Proceeds’ Repatriation, Utilisation By Oil Companies
•Petroleum profit tax, royalty, education tax, others eligible for settlement Central Bank of Nigeria (CBN) yesterday clarified that 50 per…
Category: Business
Five levies, Nigerians Pay for Electonic transactions
Banks operating in the country have been ordered to start charging a cyber security levy on transactions by Central bank…
CAC directs all POS operators to register with their agents
Yemi Obafemi The Federal Government through the Corporate Affairs Commission has directed all Point of Sales known as PoS operator…
86 years old Reader’s Digest UK closedown
86 years old Reader’s Digest UK closedown . of establishment, the United Kingdom edition of Reader’s Digest is closing down,on…
Don’t trade in crypto, Opay, PalmPay, others warn customers
Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to…
Report: Nigerian Breweries, International Breweries, Guinness Nigeria Booked N254.8bn Pre-tax Losses
A report that was published by Afrinvest has disclosed that three major brewers that are listed on the Nigerian Exchange…
Nigeria’s Oil Output Slumps Again, Depresses OPEC’s Crude Production in April
Again, Nigeria’s crude oil output sank in April 2024, raising concerns that the upswing recorded in January and, to some…
Afreximbank Urges African Countries to Strengthen Reserves with Gold
A report by African Export-Import Bank (Afreximbank) has stated that the current “high gold prices offer African countries an opportunity…
Naira rebounds as dollar supply hits $7bn in two months
Dollar supply in the official foreign exchange market reached a substantial sum of $7.3bn in the months of March and…
CBN slashes BDC exchange rate to N1, 036.3/$
•Sells $47.4m to BDCs in 2mths The Central Bank of Nigeria, CBN, yesterday for the second time in two months,…