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From Next Month, Nigeria Would Have No Need To Import Petrol – Dangote

Africa’s richest man and Chairman of Dangote Group, Aliko Dangote has assured that following laid down plans of the Dangote Refinery, Nigeria as a nation will have no need to import gasoline... Read more »
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Dangote Refinery To Buy 24 Million Barrels Of US Crude Oil

Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges... Read more »
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Dollar To Naira Exchange Rate Today

The Nigerian currency, the naira reversed the recent depreciation against the dollar on Wednesday May 15, 2024 to trade at N1, 459/$1 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has... Read more »
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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

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 »
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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 »
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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

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

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 »
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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 »
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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 »
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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 »
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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 »
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FG Eyes $750m World Bank Loan, Mulls Telecom Tax

In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement... Read more »
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Dollar To Naira Exchange Rate Today

The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per... Read more »
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Banks To Charge Nigerians For Cybersecurity Levy On Transactions

Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by... Read more »
Zenith-Bank

Zenith Bank Grows Earnings By 189% In Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189 per cent in gross earnings, from N270 billion reported... Read more »
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Do You Know That With Just 750,000 You Can Own A Plot Of Land In Enugu State

DO YOU KNOW THAT WITH JUST 750,000 YOU CAN OWN A PLOT OF LAND IN ENUGU STATE. We have a genuine estate land on the ongoing dual carriage way being built by... Read more »
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A Must Read For All Opay Customers

Important PUBLIC NOTICE📌 In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information will be... Read more »
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Naira depreciates to N1,365/$ in parallel market

The Naira yesterday depreciated to N1,365 per dollar in the parallel market, from N1,320 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,402.67 per... Read more »