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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…
Execution of Sugar Master Plan could fetch Nigeria over $700million yearly – Dangote
Chairman of Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP) when executed as designed could fetch the nation foreign exchange in excess of…
Olufemi Awoyemi leads talks as Thealvinreport.com convenes a session on the forex crisis
Following the recent situation with the National Currency which has seen its continuous slide against major global currencies especially the Dollar and the Pounds, frontline…
VAT row: Fed Govt directs remittance by firms to FIRS
As the deadline for the remittance of the Value Added Tax (VAT) for August expires today, the Federal Government has told companies to pay to the Federal Inland…
NNPC Earns N366 Billion From Crude Oil, Products Sales In May
The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m (N90billion) in May 2021, representing 180.29% increase in sales…
Big Four: These Are The Auditors Earning Billions From Nigerian Banks
The four biggest global audit firms earned a whopping N6.13 billion from 11 Nigerian banks as audit fees for 2020, a review by PREMIUM TIMES shows. The big four…
Manufacturers’ demand for forex nears $2b amid scarcity, weak naira
• Middle-class Nigerians shop for stable ‘dollar’ as FX crisis continues • Naira in moment of decision, trades at N570/$ Despite improved confidence in the…
Customers scam banks with fake visas, tickets for forex
The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents to buy forex at cheap rates…
Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers
Amid desperate moves by the Central Bank of Nigeria to sanitise the forex market and halt the naira’s free fall, the Association of Bureaux De Change Operators of Nigeria says it has…
MTN Nigeria set to issue N89.99bn bond
MTN Nigeria Communications Plc is set to launch a Series 2 Bond of about N89.99bn. A mail sent from Chapel Hill Denham Advisory Limited to MTN investors and reported by…
BREAKING: CBN confirms investigation of Oniwinde Adedotun, abokiFX founder
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has confirmed the investigation of Oniwinde Adedotun, the founder of abokiFX. On Thursday, TheCable reported that …
CBN maintains benchmark interest rate at 11.5%
The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to maintain the monetary policy rate (MPR), which measures interest rate, at 11.5…
CBN investigating Oniwinde Adedotun, abokiFX founder, for ‘illegal’ forex trading – Sources
The Central Bank of Nigeria (CBN) is investigating Oniwinde Adedotun, the founder of abokiFX, TheCable has learnt. Sources within the apex bank told TheCable on Thursday night that…
Tax Credit Scheme: Globalcom To Reconstruct 64 Km Ota-Idiroko Road
Nigeria largest indigenously-founded telecoms company, Globalcom will reconstruct 64 km Ota-Idiroko road in 2022, under Federal Government’s Tax Credit Scheme. This was…
Nigeria to join New York, Singapore, London as international financial hub
Nigeria is set to join a very small elite group of countries operating an international financial hub. The international financial centre will take in September 2022 when the Central…
South Korea Fines Google $177m For Abusing Smartphone Dominance
South Korea fined Alphabet Inc.’s Google $177 million (270billion won) for hampering the development of rivals to its Android operating system, sustaining a campaign targeting the U.S.…
VAT WAR: Anxiety Grips Business Owners As Date To File VAT Claims Inches Closer
There is palpable apprehension among corporate organisations in the manufacturing sector with less than 10 days to September 20, 2021 when companies are expected to commence…
‘Money transfer providers may lose $400m to bitcoin wallet’
El Salvador’s latest Bitcoin app, the Chivo Wallet, could ensure that money service providers such as Western Union and MoneyGram lose around $400m in remittance commission.…
Dangote Refinery partners Content Board on Oil Sector Research, Devt
Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development…
Sanction for forex defaulters takes off
The stage may be set for banks begin the ‘naming and shaming’ of customers who engage in foreign exchange (forex) malpractices. This is in line with the directive of the…
10,000 smallholder farmers in Nigeria to be empowered through the Value Seeds and Mastercard…
Value Seeds Limited, an indigenous crop seed production, solution, and development company, in collaboration with the Mastercard Foundation will empower 10,000 smallholder…