The naira on Thursday recorded a gain of 1.38 percent on the official foreign exchange (FX) market following increased dollar supply by market players. After trading on Thursday, the dollar was quoted at N1,564.48 compared to N1,586.04 quoted on Wednesday…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves grew by four billion dollars since January. Edun said this on Thursday in Lagos, at an investor meeting for the issuance of $500 million…
The Oyo State Government has partnered the First City Monument Bank (FCMB) on a N1.5 billion loan scheme for youth entrepreneurs in agribusiness. The state’s Commissioner for Agriculture, Mr Olasunkanmi Olaleye, disclosed this while briefing journalists on the outcome of…
…As stakeholders plead with CBN to halt rate hike, give room for sector recovery A recent report by the Manufacturers Association of Nigeria (MAN) has revealed that the Chief Executive Officer (CEO) Confidence Index in the manufacturing sector has dropped…
By Seun Ibiyemi The Nigeria Customs Service, on Wednesday, released import guidelines for for the implementation of a Zero Percent Duty Rate and Value Added Tax (VAT), exemption on selected basic food items. In a press statement by the service…
President Bola Tinubu has arrived Malabo, the capital of Equatorial Guinea, for a three-day official visit, which will include signing of petroleum resources, security agreement. President Tinubu, who arrived the Presidential Wing of the Malabo International Airport at about 2.07…
The Nigeria Customs Service (NCS) has announced that it will forgo N188.37 billion in import duties following the Federal Government’s directive to remove tariffs and other import duties on key food staples. The Comptroller-General of NCS, Adewale Adeniyi, made this…
The Manufacturers Association of Nigeria (MAN) has thrown its weight behind the tax incentive initiative stating that it will help reduce production costs and encourage innovation in the country. The Director-General of MAN, Mr. Segun Ajayi-Kadir, stated this during…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. In a statement made available to NewsDirect, the Ag. Director,…
By Esther Agbo In a move aimed at strengthening its financial base, expanding its operations and providing shareholders with enhanced returns on their investments following the ongoing recapitalization programme, Zenith Bank Plc has announced a combined offering of 8 billion…
