Exchange rate falls at official market as dollar supply drops significantly
Monday, 20th September 2021: The exchange rate between the naira and the US dollar closed at N413.68/$1, at the official Investors and Exporters window. Naira fell […]
Finance
Merchants, businesses must accept e-Naria anywhere it’s presented – CBN
The Central Bank of Nigeria has stated that the e-naira which will be launched on October 1, is a legal tender equal to the naira […]
Customers scam banks with fake visas, tickets for forex
Eight weeks after the Central Bank of Nigeria stopped selling forex to Bureau De Change operators and asked legitimate travellers to approach the banks to […]
Northern states responsible for Lagos, Rivers economic development: Masari
Katsina State Governor Aminu Bello Masari has spoken against the collection of Value Added Tax (VAT) by states, saying the North contributes to the economic […]
CBN says no more dollar sales to people who buy weapons
The Central Bank of Nigeria (CBN) has said that it would no longer allocate foreign exchange to currency traders who in turn sell it to […]
abokiFX vs CBN: abokiFX says it will temporarily suspend rates, hopes suspension leads to Naira appreciation
Online foreign exchange rate website, abokiFX, which is currently under investigation by the Central Bank of Nigeria (CBN), says it will temporarily suspend rates on […]
Naira falls at official forex window as dollar liquidity drops by 59%
Thursday, 16th September 2021: The exchange rate between the naira and the US dollar closed at N413.07/$1, at the official Investors and Exporters window. Naira fell […]
VAT: Ondo will implement the law, says Consumption Tax different from VAT
The Ondo State Government through the Ondo State Internal Revenue Service (ODIRS) has revealed that it will implement the law on Valued Added Taxes that […]
VAT War: FIRS insists CSOs, NGOs must pay tax
The Federal Inland Revenue Service (FIRS) has insisted that civil society organisations (CSOs) and other non-governmental organisations (NGOs) are not exempted from paying the value-added […]
Nigerian railway corporation doubles income, earns N2.12 billion revenue in H1 2021
Nigerian railway corporation generated a sum of N2.12 billion as revenue in the first half of 2021, representing a 123% increase compared to N946.86 million […]