The biggest online retailer on the continent, Jumia, made the startling announcement that Jumia Food, its food delivery service, would close by the end of December...
Nigerians are aware that there are enough Naira notes in circulation to cover their needs financially, according to the Central Bank of Nigeria, or CBN. In...
A moratorium on new loan applications under its development finance intervention funds programme has been declared by the Central Bank of Nigeria, or CBN. The suspension...
According to the National Bureau of Statistics, the Value Added Tax (VAT) total for the third quarter of 2023 was N948.07 billion. This is in line...
As the naira dropped to an all-time low of N1,099.05/$, the official foreign exchange (FX) market oscillated lower on Friday, narrowing the difference/spread between the official...
The Dangote Petroleum Refinery is expected to start manufacturing aviation fuel, or JetA1, and automotive petrol oil, or diesel, in January 2024. However, the production of...
The Central Bank of Nigeria claims that a significant amount of cash withdrawals by Deposit Money Banks from different CBN locations is the reason for the...
The wild dance of the naira against the US dollar in the official market has made people in the biggest economy in Africa more anxious. As...
Value-added tax (VAT) and customs duties are not applicable to the import of liquefied petroleum gas (LPG) or its equipment, according to the federal government. It...
As the pressure to agree on a phase-out of fossil fuels at the COP28 climate conference rises, the chairman of OPEC oil cartel stated on Saturday...