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Interest rate at 30% will stifle growth, hinder job creation, Dangote warns CBN
Aliko Dangote, president of the Dangote Group, says the increase of interest rate to almost 30 percent by the Central ...FG Exempts Farmers, Manufacturers, SMEs From Paying Withholding Tax
The Federal Government has exempted farmers, small businesses, and manufacturers from withholding tax. This is according to the Chairman of ...Stop rejecting lower Dollar bills, CBN warns banks, BDCs
The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising ...NNPC Declares State of Emergency On Oil Production
The Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency on oil and gas production in Nigeria. ...Naira ends five-day depreciation streak at parallel market, now N1,510/$
The naira ended a five-day depreciation streak on Monday at the parallel section of the foreign exchange (FX) market. Nigeria’s ...Air Force men arrest electricity workers for disconnecting Base over unpaid bills
Some Air Force personnel from the Sam Ethnan Air Force Base, Bolade, Oshodi, have allegedly invaded the premises of a ...Some private jets are used for money laundering, drug trafficking – Keyamo
Minister of aviation and aerospace development, Festus Keyamo, has said some private jet owners use their aircraft for money laundering ...Fire guts Dangote Refinery, firm says no cause for alarm
There has been a fire outbreak at Dangote refinery in Lagos after what sounded like an explosion. The firm ...CBN reforms increases diaspora remittances by $172m in one month – Analysis
The Central Bank of Nigeria has reported a $172m increase in direct remittances in one month. The latest CBN data ...Worst of naira volatility over, says Cardoso
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank is “relatively pleased” with the progress it ...
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