The Nigerian government, through the Ministry of Finance, has suspended the controversial 4% Free-On-Board charge introduced by the Nigeria Customs Service.
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Will Nigerians without tax ID be barred from operating bank accounts? FG clarifies
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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Depot owners protest as Dangote slashes petrol price by N259
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Naira surges on CBN’s $29m intervention, analysts predict break below N1,500
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Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a takeover bid, was "uncoordinated and unfriendly", the German government said Wednesday. UniCredit, Italy's second largest bank, said earlier Wednesday it had increased its stake in Commerzbank from 21 percent to around 28 percent.
After long delay, French nuclear plant coming on stream
France's flagship nuclear reactor at Flamanville in Normandy will finally enter service on Friday after a dozen years of delay, operator EDF said Wednesday.
Further hike in UK inflation hits rate cut chance
UK annual inflation climbed further above the Bank of England's target rate in November, official data showed Wednesday, firming expectations that it will avoid cutting interest rates this week. That would follow a cut by the European Central Bank last week.
Pokemon is back with a hit new gaming app
With over 60 million downloads and an estimated $180 million in revenue since late October, a new Pokemon mobile game app is enjoying worldwide success as the latest incarnation of the hit Nintendo-owned franchise.
Tony Elumelu speaks on plans for proceeds from UBA’s N239.4bn rights issue
UBA Group has said that the net proceeds of its N239.4 billion rights issue will go into acquisition of digital technologies and further business expansions.
From N10bn to N45bn: Senate mandates higher capital requirements for insurance companies
The Senate has passed a bill seeking to increase the capital base of insurance companies in the country while reducing the figures earlier proposed in the bill.
Naira remains steady in official market, gains in parallel market
The naira's value against the dollar remained stable in the EFEMS and appreciated in the FMDQ and parallel markets as demand for the dollar moderated.
Economic woes mount for Russia's war machine
Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines, as the costs of the Ukraine war and Western sanctions mount. - Growth slowdown - Faced with such an onslaught, the central bank predicts a sharp slowdown in growth next year -- to below 1.5 percent, from over 3.5 percent this year.
Customs sound alarm on how smuggled rice, fuel worsens Nigeria's forex crisis
The Nigeria Customs Service (NCS) has revealed how smuggling of products such as rice and fuel is causing a forex crisis in Nigeria and destabilising the naira.
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