Naira Plunges To N1,520.40/$1 On Official Market

The naira extended its weakness on the official market on Tuesday, as it closed at N1,520.40/$1 compared to N1,478.11 per dollar the previous day, data from FMDQ shows. Similarly, the local currency... Read more »

Cybersecurity Levy To Add N1.5trn Fresh Tax Burden On Businesses, Households

The cybersecurity level being proposed by the federal government may leave a tax burden of N1.5 trillion on businesses and households in the country, a leading accounting firm Kreston Pedabo has said.Senior... Read more »

Naira depreciates to N1,520/$ in parallel market

The Naira yesterday depreciated to N1,520 per dollar in the parallel market, from N1,470 per dollar last week Friday.Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,478.11 per... Read more »

Scale Up Cash Transfers To Poor Nigerians – IMF To FG

The International Monetary Fund (IMF) has called on the Nigerian government to scale up its cash transfers to help poor Nigerians manage the current cost of living crisis. cost of living crisis... Read more »

TUC, LCCI Urge Government to Revoke 0.5% Cybersecurity Levy on Bank Transactions

Trade Union Congress (TUC) and Lagos Chamber of Commerce and Industry (LCCI), on Wednesday, asked the federal government to rescind the decision to impose a cybersecurity levy on citizens’ bank transactions. In... Read more »

Shareholders of Zenith Bank Approve N125.59bn Dividend

Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total dividend for the 2023 financial year to N4.00 per share, with a total... Read more »

MTN, BUA Foods, Cadbury Clear Overseas Debts As Dollar Supply Improves

This follows recent reforms implemented by the Central Bank of Nigeria, which have resulted in increased liquidity within the Nigerian foreign exchange market. According to Bloomberg’s findings, major Nigerian companies such as... Read more »

Dollar To Naira Exchange Rate Today

The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per... Read more »

CBN Directs Banks To Suspend Charges On Deposits Till September

The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by... Read more »

Shun Panic Of Buying Of Petrol, NNPC tells Motorists

The Nigerian National Petroleum Company (NNPC) Limited has called on motorists to shun the panic buying of Premium Motor Spirit (PMS) also known as petrol as queues have thinned out in filling... Read more »