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CBN raises Customs duty exchange rate by 1.1%

By Sodiq Adelakun The Central Bank of Nigeria (CBN) has once again increased the exchange rate for calculating Customs duties at the nation’s seaports. The Customs duty rate was raised from N1,544.081/$ to N1,560.511/$ on Wednesday, March 6, 2024. This…

Again, Edo Assembly moves to impeach Deputy Gov.

By Elvis Omoregie, Benin The Edo House of Assembly on Wednesday commenced impeachment proceedings against the State’s deputy governor, Philip Shaibu. The Majority leader, Charity Aiguobarueghian who announced the impeachment notice during plenary, said the petition dated March 5, was…