The Federal Government’s ambitious Naira-to-Crude initiative, designed to strengthen domestic refining capacity, is facing major hurdles due to inconsistent execution. As a result, local refineries are...
The exchange rate between the naira and the US dollar exhibited stability mid-week, trading at N1,605/$1 in the parallel market on Wednesday, February 5, 2025. This...
The Central Bank of Nigeria (CBN) has issued new regulatory guidelines allowing Bureau de Change (BDC) operators to purchase up to $25,000 weekly from...
The Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (FZE) and the Federal Competition and Consumer Protection Commission (FCCPC) have taken opposing legal stances...
The Nigerian naira continued its downward trajectory at the official foreign exchange market for the second consecutive day, weakening against the U.S. dollar on Tuesday, February...
In a strategic move to enhance internet penetration and accelerate digital transformation, the Federal Government has officially launched the National Broadband Alliance for Nigeria (NBAN). The...
The Central Bank of Nigeria (CBN) has officially extended the deadline for Bureau de Change (BDC) operators to access the Nigerian Foreign Exchange Market (NFEM) for...
Nigeria is among the 48 countries running a trade deficit with the United States, a key economic partner for Africa’s largest economy. This revelation comes...
In a concerning revelation about Nigeria’s digital landscape, the Global System for Mobile Communications Association (GSMA) has disclosed that 60 percent of Nigerians with access to...
The United Bank for Africa (UBA) recently hosted the first edition of its 2024 Knowledge Series webinar, themed “2024 Withholding Tax Regulations: Specific Emphasis on How...