Business - Page 132

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to tighten access to foreign exchange (forex) for non-oil exporters. ABCON President, Dr.

Emmanuel Ochayi

8 months ago

Umahi Reveals N18.6trn Road Plan For 4 Years, Seeks Emergency Funding

Business·Latest News

Lagos-Calabar Coastal Highway: Nigerian Govt To Charge N3,000 Per Toll Gates

The Lagos-Calabar coastal highway project is set to introduce toll charges averaging N3,000 per vehicle upon completion, as revealed by the Minister of Works, Dave Umahi. Speaking on a Channels Television programme,

Emmanuel Ochayi

8 months ago

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·Latest News·World News

IMF Warns Of $12bn Loss To Cyberattacks In Financial Institutions In 20 Years

The International Monetary Fund (IMF) has issued a warning about the escalating threat of cyberattacks targeting financial institutions worldwide. According to the IMF’s recent report, financial firms have suffered substantial losses, totaling

Emmanuel Ochayi

8 months ago

Metering All Consumers Only Way To Increase Revenue Collection By DisCos, Not Tariff Hike - Expert

Business·Latest News

Nigerian Govt Projects Savings Of N1.5trn, 2.5m Meter Installations Following Tariff Hike

The electricity tariff hike for Band A customers is expected to result in substantial savings for the Federal Government, amounting to approximately N1.5 trillion. This move is part of the government’s efforts

Emmanuel Ochayi

8 months ago

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Africa·Business·Latest News·Markets

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

Nasiru Salami, the president of the Transborder Traders Association, voiced concerns about the impact of Nigeria’s forex policies on cross-border trade within Africa. Salami highlighted the challenges faced by small and medium

Emmanuel Ochayi

8 months ago

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Business·Latest News·Markets

World Bank Urges Investors To Explore Developing Economies For Untapped Opportunities

The World Bank Group is pushing for a renewed focus on emerging markets, encouraging investors to delve into untapped opportunities with fresh eyes. In a recent announcement, the multilateral lender emphasized leveraging

Emmanuel Ochayi

8 months ago

Bound by Debt: How Nigeria Debt Crisis Fuels Economic Dependence, Limits State Growth

Business·Latest News

Nigeria’s Debt May Surge To N111.4tn With Fresh Borrowings

Nigeria’s debt has surged to N111.4tn following substantial borrowings in the first quarter of 2024. The Federal Government has tapped into various sources, both domestic and international, to shore up its financial

Emmanuel Ochayi

8 months ago

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Latest News

Naira Gaining Momentum: Presidency Vows Continued Efforts Towards Stability

The Presidency, under President Bola Tinubu’s leadership, reiterated its commitment to stabilizing Nigeria’s economy, particularly focusing on the recent successes in stabilizing the naira. Led by Yemi Cardoso, the Central Bank of

Emmanuel Ochayi

8 months ago

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

Business·Latest News·Markets

CBN Exchange Rate Intervention Spurs Importers’ Relief Amid Customs FX Rate Decline T0 N1,238/$1

Importers in Nigeria have found a silver lining in the dip in the FX rate used by the Nigeria Customs Service (NCS) for clearance of goods. The rate, which dropped from N1,246.66/$

Emmanuel Ochayi

8 months ago

List Of 7 African Presidents To Join Aliko Dangote To Commission World’s Largest Refinery Today

Business·Latest News·Oil & Gas

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

Oil marketers in Nigeria are pushing for a price cut in diesel produced by the Dangote Petroleum Refinery, urging a reduction to between N700 and N850 per litre. They argue that the

Emmanuel Ochayi

8 months ago

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Business - Page 132

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

Lagos-Calabar Coastal Highway: Nigerian Govt To Charge N3,000 Per Toll Gates

IMF Warns Of $12bn Loss To Cyberattacks In Financial Institutions In 20 Years

Nigerian Govt Projects Savings Of N1.5trn, 2.5m Meter Installations Following Tariff Hike

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

World Bank Urges Investors To Explore Developing Economies For Untapped Opportunities

Nigeria’s Debt May Surge To N111.4tn With Fresh Borrowings

Naira Gaining Momentum: Presidency Vows Continued Efforts Towards Stability

CBN Exchange Rate Intervention Spurs Importers’ Relief Amid Customs FX Rate Decline T0 N1,238/$1

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

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