The Nigerian government suggests an 800% hike in aircraft navigation fees. Read about the details and potential effects on airlines. The Nigeria Airspace Management Agency (NAMA),...
The Naira’s value decreased on Friday in the parallel market, falling from its previous day rate of N1,580 per dollar to N1,610. The Naira experienced a...
Fuel shortages hit Abuja, Ogun, and other states, leading to the resurgence of long queues at filling stations. Understand the causes and implications of this fuel...
Dangote Refinery is reportedly reselling imported crude due to operational difficulties. Learn about the refinery’s challenges and the implications for its operations. According to Oli Price.Com’s...
To ease demand strains, the Central Bank of Nigeria (CBN) distributed $148 million to 29 authorized dealer banks through foreign exchange sales in the spot market...
Nigeria has imported $2.25 billion in fuel from Malta, a recent report shows. Learn about the trade details and its significance. Indications reveal that Nigeria imported...
Google and Meta face a $350 million fine from two Nigerian states over tax evasion charges. Read about the details and the reactions to this news....
In the amended Finance Act of 2024, the Nigerian National Assembly has raised the windfall tax on banks’ foreign exchange (FX) earnings to 70 percent from...
The Nigerian Naira reaches an all-time low of N1,565 against the US dollar in the parallel market. Learn about the causes and potential economic impact of...
Managing Director of Providus Bank risks imprisonment for allegedly defying a court order, highlighting the legal challenges and potential consequences for the bank’s leadership. Providus Bank...