Business
$2.4 Billion FX Backlog Not Valid – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog...
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CBN Approves 43% Increase in Import Duty Rate, Raising Concerns over Economic Impact
The Central Bank of Nigeria, CBN, has approved an increase in the import duty rate by 43 percent. Recall that...
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Why Nigerians Currently Experience Low Power Supply – Minister Explains
The Minister of Power Bayo Adelabu has explained why the country has been experiencing low power supply. He attributed the...
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Lagos, Norway to Deepen Bilateral Relationship to Promote Development
Lagos State Governor, Mr Babajide Sanwo-Olu, has said that his administration is poised to deepen bilateral relationships with Norway to...
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MOMAN Rebrands into MEMAN to Lead Path towards Energy Efficiency and Sustainability
The Major oil Marketers Association of Nigeria (MOMAN) has rebranded its corporate operations with improved focus on energy efficiency. The...
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Foreign Airlines Applaud CBN Over Clearance of Trapped Funds
Foreign Airlines operating in the country have applauded the Central Bank of Nigeria (CBN) on the clearance of the backlog...
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FG Announces Plan to Publish List of Delayed or Cancelled Flights by Domestic Airlines
• Vows to 'Name and Shame' Erring Airlines Festus Keyamo, minister of aviation and aerospace development, says the ministry will...
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CBN Removes Exchange Rate Cap for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted...
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Nigeria’s Teledensity Drops to 102.97% as NCC Adjusts Telecommunications Statistical Indicators
The Nigerian Communications Commission (NCC) says the country’s teledensity dropped from 115.63 percent in August 2023 to 102.97 percent in...
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Customs Generates N5.08 Billion from Lekki Deep Seaport in Eight Months
… Exceeds revenue target The Lagos Free Trade Zone Command of the Nigeria Customs Service (NCS) announced on Tuesday that...
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