Business - Page 127

Customs FX Rate For Import Duties Drops Again To N1,147/$

The Nigeria Customs Service (NCS) has again slashed the foreign exchange (FX) rate for calculating import duties from N1,238.1 to N1,147.02 per dollar.

Victor Ezeja

7 months ago

Business·Latest News

Nigerian Govt, NNPC Refute Marketers, El-Rufai’s Claim of Fuel Subsidy Payment

The Nigerian government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited, has denied the resurgence of fuel subsidy, challenging those making such claims to provide evidence. This

Emmanuel Ochayi

7 months ago

Business·Latest News

CBN Slashes Loan-to-Deposit Ratio To 50%, Mandates Banks To Adjust Operations

In a move aimed at tightening its monetary policy, the Central Bank of Nigeria (CBN) has announced a reduction in the Loan-to-Deposit Ratio (LDR) for commercial banks from 65 percent to 50

Emmanuel Ochayi

7 months ago

Business·Latest News·Oil & Gas·World News

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

According to data released by the Joint Organisations Data Initiative (JODI), global crude oil production took a dip by 1.2 million barrels per day (bpd) in February compared to the same period

Emmanuel Ochayi

7 months ago

Africa·Business·Latest News·World News

World Bank, AfDB Partner To Provide Electricity For 300 Million Africans By 2030

The World Bank and the African Development Bank (AfDB) have joined forces with a mission: to light up Africa. They aim to ensure electricity access for 300 million Africans by 2030. This

Emmanuel Ochayi

7 months ago

Nestlé Sugar Addition In Infant Milk Raises Concerns In Nigeria, Poorer Countries As NAFDAC Faces Criticism

Business·Food·Health·Latest News

NAFDAC Under Attack Over Reported Sugar Addition In Nestle Infant Milk

The National Agency for Food and Drug Administration and Control (NAFDAC) is facing scrutiny and backlash following reports of sugar addition in Nestlé infant milk products in the country and other poorer

Emmanuel Ochayi

8 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Finance & Economy

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in one month.

Victor Ezeja

8 months ago

Naira Falls To N1687 Per Dollar At Official Market

Business·Latest News·Markets

BDCs Now Buying Dollars At N980/$1, Selling At N1,020– ABCON President

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe, expressed satisfaction with the rise of the naira against the United States Dollar, citing it as an

Emmanuel Ochayi

8 months ago

Nigeria's Food Crisis: Corruption, Mismanagement To Blame?

Business·Latest News

FCCPC Intensifies Efforts To Curb Unfair Pricing In Nigerian Market Amid Naira Appreciation

The Federal Competition and Consumer Protection Commission (FCCPC) is stepping up its efforts to ensure fair pricing practices across Nigeria, aiming to shield consumers from unjust price hikes in both formal and

Emmanuel Ochayi

8 months ago

Business·Latest News

High Electricity Tariff May Force Over 65% Of Nigerian Businesses To Close Down – OPS

The Organised Private Sector (OPS) has lamented that the recent hike in electricity tariff by the Nigerian government may force over 65 per cent of private businesses to shut down.

Victor Ezeja

8 months ago

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Business - Page 127

Customs FX Rate For Import Duties Drops Again To N1,147/$

Nigerian Govt, NNPC Refute Marketers, El-Rufai’s Claim of Fuel Subsidy Payment

CBN Slashes Loan-to-Deposit Ratio To 50%, Mandates Banks To Adjust Operations

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

World Bank, AfDB Partner To Provide Electricity For 300 Million Africans By 2030

NAFDAC Under Attack Over Reported Sugar Addition In Nestle Infant Milk

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

BDCs Now Buying Dollars At N980/$1, Selling At N1,020– ABCON President

FCCPC Intensifies Efforts To Curb Unfair Pricing In Nigerian Market Amid Naira Appreciation

High Electricity Tariff May Force Over 65% Of Nigerian Businesses To Close Down – OPS

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