Global tax and advisory firm, KPMG Nigeria, has expressed criticism of the federal government’s 50% windfall tax on banks’ foreign exchange revaluation gains recorded...
The naira traded at N1,620 on Thursday, extending its depreciation streak to five days at the parallel section of the foreign exchange (FX) market. The local...
For several years now, especially since May 2023, when it was commissioned by (then) President Muhammadu Buhari, the Dangote Refinery, located in Lekki, Lagos, has...
President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years. President Tinubu...
The Nigeria Customs Service (NCS) has set its exchange rate for duties collection at N1584/$, surpassing the official closing rate of N1581/$ on the NAFEM window...
Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the local currency faces rising...
Nigeria is the fifth fastest Sub-Saharan African country in internet speed, with an average download speed of 27.62 Mbps. This is according to the...
The International Monetary Fund (IMF) has adjusted its forecast for Nigeria’s real GDP growth in 2024, lowering it from 3.3 per cent to 3.1...
President Bola Tinubu has written to the Senate requesting an increase in the 2024 appropriation act by N6.2 trillion, from N28.7 trillion to N34.9...
Stanbic IBTC Bank Limited, has announced the extension of its securities lending services to include fixed-income securities. This significant development marks a new milestone...