Latest News in Nigeria – Page 21 of 35

Naira-for-Crude sales Commenced October 1 – Nigerian Govt

Naira-For-Crude Initiative Begins As Officials Remain Optimistic

The Nigerian Federal Government announced that it has officially begun selling crude oil and refined petroleum products in naira, an initiative that took effect on October 1, 2024. The move is aimed

Emmanuel Ochayi

2 months ago

Business·Latest News

Taxing The Poor Won’t Make Nigeria Wealthy, Says Taiwo Oyedele

Nigeria Must Shift Away from Taxing the Poor The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has issued a stern warning: Nigeria will not achieve wealth by

Emmanuel Ochayi

2 months ago

Imo, Zamfara, Abia Record Lowest VAT In August

Business·Latest News·Oil & Gas

List Of 63 Items Exempted From VAT In New Fiscal Reforms

The Federal Government of Nigeria has recently announced a significant update to its fiscal policy by exempting 63 items from Value-Added Tax (VAT). This move is part of the government’s broader strategy

Emmanuel Ochayi

2 months ago

Russian Government Denies Involvement In Nigeria's Hunger Protest Allegations, Blames US, UK Of Meddling In Nigeria’s Internal Affairs

Russia Denies Involvement In Nigeria’s Hunger Protest Allegations, Blames US, UK

The Russian government has firmly denied any involvement in the recent Hunger Protest that erupted in Nigeria. Accusations have surfaced linking Russia to the protests, with claims that the use of Russian

Emmanuel Ochayi

2 months ago

Nigeria's Equity Market Declines As Profit-Taking Halts Rally

Business·Latest News·Markets

Equity Market Declines By 0.95% As Investors Lose N539bn In Nigeria

Nigeria’s equity market saw a sharp decline of 0.95% during the holiday-shortened trading week ending on Friday, October 4. The dip led to an estimated N539 billion loss for investors, driven largely

Emmanuel Ochayi

2 months ago

Business·Latest News·Oil & Gas

Naira-for-Crude Deal Delayed Despite October 1 Deadline

Naira-for-Crude supply yet to commence The much-anticipated Naira-for-Crude deal between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery, expected to start on October 1, 2024, has been delayed.

Emmanuel Ochayi

2 months ago

Dollar’s Global FX Reserve Share Declines By 1.46% Amid Rising Diversification Efforts

Business·Latest News·Markets

Dollar’s Share of Global FX Reserves Falls By 1.46% As Nations Seek Diversification

The dollar’s dominance in global foreign exchange (FX) reserves took a slight dip in the second quarter of 2024, with its share dropping by 1.46 per cent compared to the previous quarter.

Emmanuel Ochayi

2 months ago

Federal Government Delays NYSC Allowance Increase, Corps Members Paid ₦33,000 Instead Of ₦77,000

Business·Latest News

Despite N77,000 Approval, FG Pays N33,000 Allowance, Corps Members React

Corps Members Disappointed as FG Pays Old ₦33,000 Allowance The Federal Government has surprised many by paying the National Youth Service Corps (NYSC) members their old monthly allowance of N33,000 for September,

Emmanuel Ochayi

2 months ago

Nigerian Stock Market Sees Surge As Top 10 Brokers Trade Over N2.5trn In 2024

Business·Latest News·Markets

Nigerian Equity Market Sees 1.19% Decline Amid Trading Volume Drop

Nigerian Equity Market Drops by 1.19% On October 3, 2024, the Nigerian equity market witnessed a significant decline, with the All-Share Index (ASI) dropping by 1.19%, shedding 1,167.97 points to close at

Emmanuel Ochayi

2 months ago

Business·Latest News

NBS Reports National Cost Of Healthy Diet Dropped To N1,255 In August

NBS Reports Drop in Cost of Healthy Diet for August 2024 The National Bureau of Statistics (NBS) has revealed that the average daily cost of a healthy diet per adult in Nigeria

Emmanuel Ochayi

2 months ago

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Latest News in Nigeria - Page 21

Naira-For-Crude Initiative Begins As Officials Remain Optimistic

Taxing The Poor Won’t Make Nigeria Wealthy, Says Taiwo Oyedele

List Of 63 Items Exempted From VAT In New Fiscal Reforms

Russia Denies Involvement In Nigeria’s Hunger Protest Allegations, Blames US, UK

Equity Market Declines By 0.95% As Investors Lose N539bn In Nigeria

Naira-for-Crude Deal Delayed Despite October 1 Deadline

Dollar’s Share of Global FX Reserves Falls By 1.46% As Nations Seek Diversification

Despite N77,000 Approval, FG Pays N33,000 Allowance, Corps Members React

Nigerian Equity Market Sees 1.19% Decline Amid Trading Volume Drop

NBS Reports National Cost Of Healthy Diet Dropped To N1,255 In August

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