2 mn read Cost of import clearance jumps by 23% amid currency fluctuations. In the space of 16 days, the cost of clearing imports increased by 23% from ₦1,150.16/$ recorded on April 23, 2024, to ₦1,412.6/$ as of May 8, 2024. Nigerian manufacturers and importers have seen their import clearance fees increase by 23% as the country battles […]
2 mn read In the space of 16 days, the cost of clearing imports increased by 23% from ₦1,150.16/$ recorded on April 23, 2024, to ₦1,412.6/$ as of May 8, 2024. Cost of import clearance jumps by 23% [GFE Business] Nigerian manufacturers and importers have seen their import clearance fees increase by 23% as the country battles forex […]
2 mn read UK economy exits recession ahead of election (FILES) A customer pays after buying some fruits and vegetables at a street market in High Wycombe, on August 15, 2023. – Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed on May 10, 2024, in a boost to embattled Prime Minister […]
2 mn read All FGN bonds qualify as liquid assets for liquidity ratio calculation for banks. FGN Bonds [Noble Solutions] The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at ₦150 billion each for subscription at ₦1,000 per unit. According to a release by the DMO, the first offer is the five-year […]
< 1 mn read OPay clarifies new CBN directive, reassures customers OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies to fight money laundering, fraud, terrorism financing, and other illegal financial activities. As a regulatory-compliant institution, OPay follows the rules set by the CBN and other regulators to ensure the […]
2 mn read At the top three spots were Chad, Uganda and Tanzania with 58%, 57% and 56% respectively. Nigerian workers are 7th most stressed employees in Sub-Saharan Africa A new global workplace report has ranked Nigerian workers in seventh place in the list of countries with the most stressed workers in Sub-Saharan Africa. According to the 2023 […]
2 mn read The governor stated that the issue of employment would arise when the government finished dealing with what it met in the civil service. Abia State Governor, Alex Otti Gov. Alex Otti of Abia says it is not on the front burner of his administration to employ new people into the state’s civil service. The governor […]
2 mn read The Federal Government (FG) has stated that the bribery against unidentified Nigerian government officials by Binance Chief Executive Officer Richard Teng is diversionary. The Minister of of Information and National Orientation, Alhaji-Mohammed Idris made this known in a statement issued by his media aide, Mr Rabiu Ibrahim on Wednesday in Abuja. Recall that on Tuesday […]
2 mn read Hardship: Over 31 Million Nigerians Will Face Severe Food Crisis From June – Report A troubling report from the International Rescue Committee (IRC) and its partners forecasts that approximately 16 per cent of Nigerians (32 million people) will grapple with severe food insecurity between June and August 2024. Naija News reports that the study […]
< 1 mn read Reps order CBN to suspend cybersecurity levy The House of Representatives has directed the Central Bank of Nigeria (CBN) to withdraw the circular directing banks in the country, to start charging a 0.5% cybersecurity levy on all electronic transactions within the country. The motion was moved by the member representing the Obio/Akpor Constituency, Kingsley Chinda. […]
