The Central Bank of Nigeria (CBN) has banned banks and financial technology companies otherwise known as Fintechs, from operating International Money Transfer services (IMTOs). The ban,...
The Central Bank of Nigeria, CBN, has approved an increase in the import duty rate by 43 percent. Recall that the exchange rate for duty collection...
Canal+ Group, a French TV channel, has offered to buy all the shares in South Africa’s MultiChoice for $1.69 billion. According Reuters, Canal+, in a statement...
The National Association of Proprietors of Private Schools in the FCT has urged the intervention of FCT Minister, Nyesom Wike, on the 5% tax imposed on...
The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the international money transfer operators (IMTOs). CBN disclosed this on...
Governor Babajide Sanwo-Olu of Lagos State has procured additional rolling stock for the Blue Line and Red Line rail operations. These extra rolling stocks, anticipated to...
Naira has recorded a marginal drop at the official market to N1,461.90 per dollar at the first trading day in the month of February 2024. This...
The Nigerian Electricity Regulatory Commission (NERC) has approved new electricity tariffs for the 11 distribution companies (DisCos) in the country, with effect from January 1, 2024....
The federal government has announced the relocation of the Federal Airports Authority of Nigeria (FAAN) headquarters from Abuja to Lagos. In a statement on Thursday, Obiageli...
Abuja Electricity Distribution Plc (AEDC), on Thursday, 18th January, 2023, consolidated its lead in the provision of integrated power solutions with the signing of a tripartite...