The foreign exchange market recorded an improved FX turnover in the first 11 months of 2024Data shows that foreign exchange turnover in the official window rose 61.9% to $43 billion in the review periodMDQ Exchange data on quarterly transactions in the market shows that FX turnover stood at $12.64 billion in the first three months … Read more
The Presidency has urged Nigerians to desist from the use of ethnic or regional slurs while commenting on the proposed tax reform bills before the National Assembly. The warning was contained in a statement by the Minister of Information and National Orientation, Mohammed Idris. President Bola Tinubu cautioned against the use of ethnic or regional … Read more
The Nigeria Bar Association (NBA) has condemned the arrest of a lawyer, Dele Farotimi, by the Nigerian Police Force over allegations bordering on libel. The NBA President, Afam Osigwe, in a statement Tuesday night in Abuja, also decried the alleged invasion of Farotimi’s law firm and the harassment of lawyers and staff within the premises. … Read more
The sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) organised by the Petroleum Technology Association of Nigeria (PETAN) in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB) is set to showcase multi-billion-dollar project opportunities in Nigeria and indeed Africa. The event scheduled to take place in Lagos from 11-13 February 2025 will offer … Read more
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 3rd December, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? … Read more
Coronation Insurance Group has recorded a profit before tax of N2.2 billion for the year ended December 31, 2023. The Company stated this at its 66th Annual General Meeting (AGM) held yesterday in Lagos, reflecting on a transformative year marked by significant financial and operational milestones. This performance marks a significant recovery from the N1.8 … Read more
The Senate President, Godswill Akpabio, has threatened to sack underperforming committee chairmen. Akpabio gave the warning on Tuesday during Plenary. He was responding to concerns raised by Bauchi Central Senator, Abdul Ningi, who lamented that the Senate Committee on Finance had not conducted oversight on 92 revenue-generating agencies. Akpabio expressed frustration over the continued disregard … Read more
Data and evidence are powerful approaches that enable stakeholders to develop targeted, effective, and sustainable solutions in gender-based violence prevention and response. GBV is preventable and there is more evidence than ever before about what works – a comprehensive, whole-of-government/society approaches, that are supported by dedicated funding, including to women’s rights organizations, are the most … Read more
PoS operators have notified Nigerians that they have increased their charges due to the N50 EMTL deductions by fintech platformsThe EMTL was ordered by the Federal Inland Revenue Service (FIRS) on behalf of the Nigerian government and aligns with the 2020 Finance Act.Fintech platforms say that the move aligns with the Stamp Duty Ac, asking … Read more
The lawmaker representing Bayelsa West Senatorial District, Seriake Dickson, has announced his support for President Bola Tinubu’s tax reforms bills. Speaking during an appearance on Channels Television’s Politics Today, the legislator, argued that the bills were not bad, however, insisted that a robust consultation was needed to allay the fears raised in some quarters. “A … Read more