Business
Trump Slams 14% Tariff On Nigerian Exports To US
US President Donald Trump has announced that exports from Nigeria to the United States will now be subjected to a 14 per cent tariff. The […]
Business
Business
CBN Introduces N100 Fee For ATM Withdrawals
The Central Bank of Nigeria, CBN, says it has eliminated the three free monthly withdrawals transaction fees for customers using other banks’ Automated Teller Machine, […]
Business
MTN Hikes Prices Of Data, SMS
MTN, Nigeria’s largest telecommunications operator on Tuesday commenced implementation of the Nigerian Communications Commission’s approved tariff hike by increasing its data prices. A check by […]
Business
NECA Demands Reversal Of New Import Levy
The Nigeria Employers’ Consultative Association (NECA) has demanded a reversal of the four per cent charge on the Free on Board (FOB) value of imports […]
Business
Naira Falls 1.4% As CBN Extends Foreign Exchange Sales Deadline
The naira depreciated on Monday’s official market, trading N1,495.60 to a dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the […]
Business
CBN Sanctions 9 Banks For Failing To Dispense Cash Via ATMs
The Central Bank of Nigeria, CBN, says it has sanctioned some Deposit Money Banks, DMBs, for failing to make Naira notes available through automated teller […]
Business
Obasanjo: How Yar’Adua Rejected Dangote’s $750m Offer To Manage Kaduna, PH Refineries In 2007
Former President Olusegun Obasanjo has revealed his successor, Umaru Musa Yar’Adua, rejected a $750 million offer from Aliko Dangote, chairman of Dangote Group, to manage […]
Business
CBN Issues N150m Penalty For Banks Supporting Mint Naira Supply To Hawkers
The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular […]
Business
Blending Is Not A Crime’ — Mele Kyari
Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says it is not a crime to blend petroleum products […]
Business
CBN Reforms Support Strong, Resilient African Financial Architecture-Cardoso
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the bank’s reforms align with efforts to establish a stronger and more resilient […]