The exchange rate for Nigeria's Customs duties collection has jumped by 23.9%. From May 30th, 2024, it increased from N1,196.6 per USD to N1,482.9/$ in just two days. This rise ...
The Central Bank of Nigeria on Friday, announced that international oil companies can sell their retained 50 per cent of repatriated export proceeds in the Nigerian Foreign Exchange Market. This ...
The Presidential tax Committee on Fiscal Policy and Tax Reforms has suggested a N800 per dollar Customs import duty rate for the remainder of the year. This step will be ...
Nigeria may add 480,000 barrels to its daily crude oil output as the Nigerian National Petroleum Company Limited and ExxonMobil took a step towards resolving the disagreement surrounding the sale ...
Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Dr Usra Harahap, has said. Harahap disclosed this on Wednesday in ...
The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent over Friday’s 1,482.81/$. According to FMDQ data, which houses the ...
On Monday, the naira experienced a significant appreciation against the dollar, closing at N1,339.33/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, marking a 10.71% gain. According to FMDQ ...
The naira has shown resilience in the unofficial market, appreciating against the dollar as the dollar index saw some losses due to profit-taking. On Friday, the naira was valued at ...
In the first quarter (Q1) of 2024, Nigeria's gross domestic product (GDP) increased by 2.98%, up from 2.31% in Q1 2023. However, this slightly decreased from the 3.46% growth in ...
Nigerian Aviation Handling Company Plc has set an N100bn revenue target within the next five years. The projection was made known by the Group Chairman of the company, Dr Seinde ...
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