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CBN's 43% Import Duty Rate Surge Sparks Economic Concerns: Impact on Businesses, Trade, and Economy
Nigeria CBN's 43% Import Duty Rate Surge Sparks Economic Concerns: Impact on Businesses, Trade, and Economy
Nigeria News
2 min read
The Central Bank of Nigeria (CBN) has given the green light to a substantial 43 percent increase in import duty rates, sending shockwaves through...
MultiChoice Faces Potential Takeover as Canal+ Group Offers $1.69 Billion Deal
Nigeria MultiChoice Faces Potential Takeover as Canal+ Group Offers $1.69 Billion Deal
Nigeria News
1 min read
French TV channel Canal+ Group has officially expressed its intent to acquire all shares of South Africa's MultiChoice for an impressive $1.69...
Rising Costs, Shrinking Pockets: How Naira's Freefall to N1,515/$1 Is Impacting Nigerians
Nigeria Rising Costs, Shrinking Pockets: How Naira's Freefall to N1,515/$1 Is Impacting Nigerians
Nigeria News
2 min read
The exchange rate between the Nigerian Naira and the US Dollar has plummeted to unprecedented levels, reaching around N1,515/$1 in the black...
FG Commends Dangote Cement for Vital Roles in Economic Diversification
Nigeria FG Commends Dangote Cement for Vital Roles in Economic Diversification
Nigeria News
4 min read
…Minister lauds Cement Plant’s promotion of best practices The Federal Government has commended the leading roles being played by the Dangote...
Central Bank's New Forex Regulations Trigger Varied Sentiments in Nigeria
Nigeria Central Bank's New Forex Regulations Trigger Varied Sentiments in Nigeria
Nigeria News
1 min read
The Central Bank of Nigeria (CBN) has enacted stringent measures to bolster liquidity in the foreign exchange market, instructing banks to limit...
Femi Otedola Assumes Chairman Position at FBN Holdings
Nigeria Femi Otedola Assumes Chairman Position at FBN Holdings
Nigeria News
1 min read
FBN Holdings has appointed billionaire businessman Femi Otedola as the new Chairman of its Board of Directors, succeeding Ahmad Abdullahi. The...
Nigeria Ranks 109th in Global Hunger Index 2023, Ahead of Only 17 Other Countries
Nigeria Nigeria Ranks 109th in Global Hunger Index 2023, Ahead of Only 17 Other Countries
Nigeria News
1 min read
A recent report from the Global Hunger Index (GHI) revealed that Nigeria holds the 109th position out of 125 countries assessed, with a score of...
Businesses on Edge as Naira Hits Record Low of N1,482.57 per $1, Fueling Economic Uncertainty
Nigeria Businesses on Edge as Naira Hits Record Low of N1,482.57 per $1, Fueling Economic Uncertainty
Nigeria News
1 min read
The Nigerian Naira hit a historic low against the US dollar on Tuesday, causing concern in financial circles. Official figures reveal that the...
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