Old And New Naira Notes Remain Valid — CBN
The Central Bank of Nigeria (CBN) has reiterated that both the old and redesigned naira notes of N1,000, N500, and N200 denominations will remain legal tender indefinitely, […]
Business
Business Booms For Naira Traders As Bankers Collusion Worsens Scarcity
There is a surge in the hawking of naira notes at exorbitant charges in different parts of the country, as Nigerians continue to struggle with […]
World Bank Set To Approve Another $500million Loan For Nigeria
The Board of the World Bank Group may meet today (Friday) to approve another loan bid of the President Bola Tinubu-led Nigerian government This time, […]
$4.5billion Fraud: EFCC Rejects Central Bank Ex-Governor Godwin Emefiele’s Application Over Court Jurisdiction
The Economic and Financial Crimes Commission (EFCC) has requested Justice Rahman Oshodi of the Lagos State Special Offences Court to strike out an application filed […]
Bank Workers Blame CBN As Cash Shortage Worsens
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of […]
Soyombo Exposes How 1500 Cars Were Again Aided By Nigerian Customs Officials To Smuggle In Rice
Nigeria’s investigative journalist, Fisayo Soyombo, has exposed another round of rice smuggling in 1500 cars by the Nigerian Customs Service (NCS) officers in collusion with […]
Naira Plummets To N1,745/$1, Traders Blame Speculators
The exchange rate between the naira and dollar slid back to around N1,745/$1 on the parallel market a sharp reversal from the sub N1,600 levels recorded at […]
Tax Reforms: VAT Not Under Your Authority — Oyedele Counters RMFAC Chairman
The chairman of the presidential committee on tax reforms, Mr Taiwo Oyedele, have countered the position of the Revenue Mobilisation and Fiscal Allocation Committee headed […]
Tax Reform Bills: RMAFC Opposes Proposed VAT Sharing Formula
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has opposed President Bola Ahmed Tinubu’s controversial tax reform bills currently before the National Assembly for consideration. […]
CBN fines Opay, Moniepoint N1 billion each for regulatory misconduct
The Central Bank of Nigeria has fined Opay and Moniepoint N1 billion each over compliance issues, sources told TechCabal on Tuesday. The CBN wielded the […]