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Businesses In Nigeria Must Accept E-naira Payment – CBN Warns
The Central Bank of Nigeria says the e-naira which is set to be launched on October 1, 2021, is a legal tender equal to the value of the naira and thus must be accepted as a…
Oil nears $80 with slim chances for more revenue due to theft
Despite ongoing amnesty and other measures to address crude theft in the Niger-Delta region and over N32 billion paid between January and July on pipeline security and maintenance cost,…
AT A GLANCE: Personal income, capital gains…taxes collected by Lagos state
The Lagos state government has joined the suit challenging the collection of value-added tax by the Federal Inland Revenue Service (FIRS). Before this, the state established…
FX defaulters: Customers threaten banks over names publication
Increasing litigations are likely to increase as banks have commenced the publication of names, account number and Bank Verification Number (BVN) of customers for defaulting in foreign exchange (FX)…
Investments That Will Stand The Test Of Time – Stanbic IBTC Chief Executive
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to patronise investment offerings that will stand the test of time. It…
Bitcoin plummets as China declares all cryptocurrency transactions illegal
The Chinese government has intensified its crackdown on cryptocurrencies by declaring that all crypto-related transactions are “illegal”. On Friday, Bitcoin fell by 5.49…
UBA publishes names, account details of forex defaulters
The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it for the purpose…
Continue VAT Collection in all States – Finance Minister Directs FIRS
The Minister of Finance, Budget and National Planning, Zainab Ahmed has directed the Federal Inland Revenue Service (FIRS) to continue the collection of value added tax (VAT) and advised…
Oil Price Nears Three-year High, Trades at $78.09 a Barrel
A bit of good news came in for the Dollar-strapped Nigerian economy yesterday with the price of Brent crude rising to three-year high amid supply constraints and a drop in…
Nigeria’s Agric Export Surges To Highest On Record, Here Are The Top Items
Nigeria exported agro-food items worth N165.27 billion in the second quarter of 2021, representing a 112% increase compared to N78.03 billion recorded in the corresponding…
Dangote’s Wealth Rises By $104m, As Musk Remains World’s Richest Man
Chairman of Dangote Group, an industrial conglomerate and the wealthiest person in Africa, Aliko Dangote’s wealth has increased by $104 million, culminating in a net worth of…
Tribunal adjourns hearing as Multichoice pays N8bn deposit in ‘tax evasion’ dispute
Multichoice Nigeria Limited (MCN) says it has complied with the directives of the tax appeal tribunal (TAT) by depositing with the FIRS an amount required by the law.…
‘N500 stronger than $1 on the streets’, says Former CIBN Boss
Former President of Chartered Institute of Bankers of Nigeria (CIBN), Segun Ajibola, said N500 is enough for a Nigerian to feed, as he defends the naira against the dollar. Ajibola…
Leadership training will make female accountants excel – Yemisi Edun
A notable member of the Institute of Chartered Accountants of Nigeria (ICAN) and Managing Director of First City Monument Bank (www.fcmb.com), Mrs. Yemisi Edun, has called on the…
‘Famfa Oil is a Family Business’ – Alakija
The oil and gas industry in Nigeria and indeed, everywhere else, is not for the lily-livered, as only the fittest survive, especially in these recent austere times. Despite the inclement…
Oil prices rise amid drop in US crude inventories
Oil prices rose on Wednesday after industry data showed a large drop in crude inventories of the United States, the world’s top oil consumer. Brent crude oil futures, global…
Ronaldo topples Messi as world’s highest paid footballer
Cristiano Ronaldo has toppled Lionel Messi at the top of Forbes’ list of the highest-paid footballers in the world. Ronaldo, 36, will earn $125m this season, while Messi will earn…
Nigeria, China trade volume tops $20bn
The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria was $20bn in 2020 despite the coronavirus pandemic.…
CSOs Laud Emefiele’s Economic Innovations, Management Of Naira
The Coalition of Civil Society Groups (CCSG), has passed a vote of confidence upon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, just as the groups highlighted some…
Nigeria raises $4bn Eurobond as foreign investors oversubscribe four times
After an intensive two days of virtual meetings with investors across the globe, Nigeria has raised the sum of $4 billion through Eurobonds, with investors demanding more than…
Parallel Market Apprehensive Of Clampdown As More Nigerians Hoard Dollars
Currency traders are becoming wary of keeping dollars with them as websites such as Abokifx.com which publish latest foreign exchange rates used by street traders have stopped…
N924m Debt: Court To Hear AMCON Case Against Ex-Super Eagles’ Captain Nov 11
Justice Chukwujekwu Aneke of the Federal High Court in Lagos will on November 11 hear a suit filed by the Assets Management Corporation of Nigeria (AMCON) seeking to recover an…
Tax digital transactions, Buhari orders FIRS
President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out across the country. Boss Mustapha, the secretary to the government of the…
Merchants, business outlets MUST accept eNaira payments, says CBN
The Central Bank of Nigeria (CBN) says the country’s first digital currency, eNaira, must be accepted as a form of payment by all merchants and business outlets. Last month, the apex…