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Finance & Economy - Page 125

Government Pushes Back Against KPMG Critique of Nigeria’s New Tax Laws

The Presidential Fiscal Policy and Tax Reforms Committee has issued a detailed response to a recent critique by professional services firm KPMG on Nigeria’s newly implemented tax laws, arguing that most of the concerns raised reflect differences in policy preference rather than

January 10, 2026

Business·Finance & Economy·News

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg exchange rate for Customs duty assessment at ₦1,000/$ to alleviate the financial difficulties faced by importers at the nation's ports.

February 25, 2024

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

Business·Currency·News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

February 24, 2024

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Currency·News

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in recent times, the Central Bank of Nigeria (CBN) has directed NCS and other related parties to adopt the closing official rate of

February 24, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Finance & Economy·News

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advanced reasons the monetary authority decided to adopt the policy of allowing market forces determine rates in the foreign exchange market in the country.

February 22, 2024

FEATURES·Finance & Economy

Economic Crisis: Nigeria Has No Option Than To Produce For Food Security, Forex Stability – Utomi

The ongoing economic reforms by the current administration in Nigeria have no doubt had a lot of impact on the economy and the citizens in the last nine months. In an exclusive interview with Prime Business Africa's VICTOR EZEJA, foremost Professor of

February 22, 2024

Business·News·Oil & Gas

NNPCL Destroys 82 Illegal Refineries In 1 Week, Vows To Combat Oil Theft

The Nigerian National Petroleum Company Limited (NNPCL) revealed that it eradicated 82 illegal refineries in the Niger Delta between February 10 and 15, 2024. Speaking on behalf of the corporation, a spokesperson emphasized the ongoing battle against such illicit activities. “In the

February 22, 2024

Business·News·Oil & Gas

Nigerian Oil Marketers Demand End To Dollar Transactions To Alleviate Economic Strain

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has raised a call for an end to dollar transactions within the Nigerian economy, citing the detrimental impact it poses on businesses and the populace at large. Addressing the press on Tuesday,

February 21, 2024

High Building Materials Costs: We Need Policies That Promote Investment, Growth Of Construction Industry – Experts

Business·FEATURES·Real Estate

Real Estate Woes: We Need Policies That Promote Investment, Growth Of Construction Industry – Experts

As costs of building materials such as cement, rods, and others continue to rise in Nigeria, experts have underscored the need for the creation of policies and systems that promote investment and sustainable growth of the construction industry.

February 20, 2024

BUA Cement's Profitability Under Threat As Production Costs Surge

Business·Real Estate

Real Estate Crisis: How BUA Cement Price Rose 150% In 4 Weeks, Mgt Jerks Up Staff Salary By 50%

BUA Cement, has increased salaries of its staff by 50 per cent in response to the current economic hardship in the country caused by high cost of things.

February 19, 2024

1.78mpd Oil Output Project Can Be Achieved – NNPCL

News·Oil & Gas

Our Joint Venture With TotalEnergies Achieves Zero Gas Flaring Target – NNPCL

NNPCL has that in line with the quest to meet global target of reducing greenhouse gas emissions, its joint venture with TotalEnergies has achieved zero routine gas flare in all its assets.

February 16, 2024

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Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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Finance & Economy - Page 125

Government Pushes Back Against KPMG Critique of Nigeria’s New Tax Laws

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Economic Crisis: Nigeria Has No Option Than To Produce For Food Security, Forex Stability – Utomi

NNPCL Destroys 82 Illegal Refineries In 1 Week, Vows To Combat Oil Theft

Nigerian Oil Marketers Demand End To Dollar Transactions To Alleviate Economic Strain

Real Estate Woes: We Need Policies That Promote Investment, Growth Of Construction Industry – Experts

Real Estate Crisis: How BUA Cement Price Rose 150% In 4 Weeks, Mgt Jerks Up Staff Salary By 50%

Our Joint Venture With TotalEnergies Achieves Zero Gas Flaring Target – NNPCL

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Chimamanda Adichie Speaks After Son’s Death, Alleges Negligence at Lagos Hospital

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$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

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Otti Dismisses Opposition Alliance as ‘Empty Noise,’ Urges Focus on Governance

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When Self-Defence Meets the Gallows: Victor ‘Zidane’Solomon Case in Kaduna

Chimamanda Adichie Speaks After Son’s Death, Alleges Negligence at Lagos Hospital

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

GivTrade Secures UAE SCA Category 5 Licence

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Otti Dismisses Opposition Alliance as ‘Empty Noise,’ Urges Focus on Governance

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Finance & Economy - Page 125

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