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Naira Strengthens to ₦1,476/$ at Official Market
Nigeria’s naira appreciated against the U.S. dollar on Monday, extending gains in the official foreign exchange market.
Data from the Central Bank of Nigeria (CBN)...
NNPC, Dangote Refinery Sign Two-Year Naira Crude Supply Deal
The Nigerian National Petroleum Company Limited (NNPC) has signed a two-year crude oil supply agreement with the Dangote Refinery, to be settled in naira.
NNPC’s...
Nigeria Begins Payment of New Pension Increments for DBS Retirees
The Pension Transitional Arrangement Directorate (PTAD) has commenced implementation of newly approved pension increases for retirees under the Defined Benefit Scheme (DBS), with adjustments...
Gold Smashes Records as U.S. Shutdown Fight Threatens Markets
Gold prices hit another record on Tuesday while the dollar weakened and global stocks traded mixed, as investors braced for a potential U.S. government...
MAN Warns Against Proposed Tax Stamp System, Flags Industrial Risks
The Manufacturers Association of Nigeria (MAN) has warned the federal government against introducing a tax stamp system for excisable goods, citing potential heavy compliance...
Nigeria @ 65: FG Urges Unity, Patriotism for Greater Nation
ABUJA – The Federal Government has unveiled “Nigeria @ 65: All Hands on Deck for a Greater Nation” as the official theme for the...
“Nigeria Can Borrow Freely, Says FIRS Amid Revenue Spike”
ABUJA — The Federal Inland Revenue Service (FIRS) yesterday defended the federal government’s borrowing strategy, insisting that debt remains a legitimate component of every...
CBN Reports 14 Banks Meet New Capital Requirements, Cuts Interest Rate
ABUJA — The Central Bank of Nigeria (CBN) has confirmed that 14 Nigerian banks have fully met the new capital requirements under its ongoing...
Aviation Unions Petition NCAA Over Alleged Breach of Handling Charges
Two major aviation unions — the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE)...
Nigeria Loses $2bn Annually to Foreign Health Insurance
The National Insurance Commission (NAICOM) has disclosed that Nigeria loses about $2 billion each year to foreign capital flight as multinational companies provide health...
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