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Banks ration forex sales as scarcity bites
Banks have begun to reduce approval requests for Personal Travel Allowance and Business Travel Allowance to legitimate users. The legitimate ...Kenyan government clears Nigerian tech companies of money laundering charges, withdraws case
Kenya’s Assets Recovery Agency has cleared three Nigerian tech companies operating in the country of money laundering claims leveled ...We injected $7.6bn into FX market in five months to stabilise naira – CBN
The Central Bank of Nigeria has said it injected $7.6 billion into the economy in five months through foreign exchange ...Climate financing: Nigeria gets $700m as World Bank disburses $31.7bn
The World Bank says it has disbursed $31.7bn as climate financing in its 2022 fiscal year. The Swiss-based bank said ...184 N’Delta youths on secondary scholarship moved to varsity grant
No fewer than 184 secondary school students that enjoyed NNPC/Shell Cradle-to-Career (C2C) scholarships have been migrated to the SPDC JV university scholarship ...For refusing to sell tickets in Naira, FG threatens to sanction foreign airlines
The Federal Government has threatened to sanction foreign airlines in the country over their refusal to accept naira payment for ...Again, fuel scarcity hits Abuja as marketers shut stations
The Federal Capital Territory witnessed lengthy queues on Tuesday as many filling stations were shut. Motorists were on queues for ...DStv, GOtv subscription price hike in order, tribunal rules
A Competition and Consumer Protection tribunal has dismissed a suit challenging the price increase by MultiChoice Nigeria Limited. MultiChoice owns ...Nigerians spent N92.2 billion for N4.61 trillion PoS transactions in seven months
Bank customers may have spent N92.2bn to use Point of Sale terminals in the first seven months of 2022. The ...FG halts 5% tax on telecom services
The Federal Government on Monday suspended the controversial five percent excise duty on telecommunication services recently announced by the Ministry ...
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