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Latest News in Nigeria - Page 88

N15 Reduction Is Insignificant- Nigerians React As NNPCL Reduces Petrol Price To N945/ Litre

TUC Urges Special FX Rate For NNPCL To Cut Petrol Prices

TUC Calls for Special FX Rate to Reduce Petrol Prices The Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to implement a special foreign exchange rate (Fx rate) for the Nigerian National

September 10, 2024

Business·FEATURES·News

Can Nigeria Truly Break Free From Oil Dependency?

Oil Dependency: Can Nigeria Move Forward? For over six decades, Nigeria’s economy has relied heavily on oil. Since its discovery in 1956, oil has contributed more than 90 per cent of the country’s export income, making it the lifeblood of the nation’s

September 10, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Sees 0.24% Decline As Investors Brace For Volatility

Equity Market Drops By 0.24% Amid Investor Caution The Nigerian equity market experienced a decline of 0.24% at the start of the trading week, resulting in a N112 billion reduction in market value. This decrease in the equity market was primarily driven

September 10, 2024

Understanding What Tax Reform Bills Means for Nigerians- Experts

Business·News

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

What is the Transfer Levy? Starting September 9, 2024, fintech companies in Nigeria such as OPay, Moniepoint, and others will begin deducting the N50 Electronic Money Transfer Levy (EMTL) from customer inflows of N10,000 and above. This new policy follows a directive

September 9, 2024

SERAP sues Tinubu, govs over cybercrime law abuse

Business·News

SERAP Urges Tinubu To Reverse Fuel Price Hike, Cites Legal Breach

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to reverse the recent increase in the price of petrol. SERAP argues that the price hike by the Nigerian National Petroleum Company Limited (NNPCL) is illegal, and unconstitutional, and

September 9, 2024

Business·Markets·News

Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

The Nigerian equity market saw a significant dip last week, losing N83 billion as a result of sell-offs in major stocks. Both the All-Share Index (ASI) and the market capitalisation fell by 0.15%, with the ASI closing at 96,433.53 points and the

September 9, 2024

Business·Markets·News

FBN Holdings Plc Sells 100% Stake In FBNQuest Merchant Bank To EverQuest LLP

FBN Holdings Plc has officially announced the sale of its entire equity stake in its subsidiary, FBNQuest Merchant Bank Limited, to EverQuest Acquisition LLP. The agreement aligns with FBN Holdings’ strategy to optimise its portfolio. This sale is subject to approvals from

September 8, 2024

Business·FEATURES·News

Top 15 African Countries With The Highest External Reserves

External reserves are critical to the financial health and stability of any country. These reserves, typically held in foreign currencies, enable countries to manage their monetary policies, stabilize their currencies, and support international trade. In Africa, various nations have amassed significant external

September 8, 2024

Business·News

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Opay, a leading fintech company in Nigeria, will begin charging customers a N50 levy on electronic transfers of N10,000 or more from September 9, 2024. This move complies with the Federal Inland Revenue Service (FIRS) regulations. The company shared this update with

September 8, 2024

News·Politics

Just In: Tinubu’s Special Adviser, Ajuri Ngelale Steps Down

Ajuri Ngelale, the Special Adviser on Media and Publicity to President Bola Tinubu, has announced his resignation with immediate effect. Ngelale, who also held the roles of Special Presidential Envoy on Climate Action and Chairman of the Presidential Steering Committee on Project

September 7, 2024

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Latest News in Nigeria - Page 88

TUC Urges Special FX Rate For NNPCL To Cut Petrol Prices

Can Nigeria Truly Break Free From Oil Dependency?

Nigeria’s Equity Market Sees 0.24% Decline As Investors Brace For Volatility

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

SERAP Urges Tinubu To Reverse Fuel Price Hike, Cites Legal Breach

Nigeria’s Equity Market Sees N83 Billion Decline Amid Sell-Offs In Big Stocks

FBN Holdings Plc Sells 100% Stake In FBNQuest Merchant Bank To EverQuest LLP

Top 15 African Countries With The Highest External Reserves

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Just In: Tinubu’s Special Adviser, Ajuri Ngelale Steps Down

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