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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Depot owners protest as Dangote slashes petrol price by N259
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Dollar falls to N1,484 in official window, naira appreciates in parallel market
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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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Mixed fortunes as naira reverses two-week gain amid surge in reserves
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Access, Zenith, UBA, other sell dollar at new rates as naira depreciates again
The Nigerian currency, the naira, has depreciated against the US dollar in the foreign exchange market, trading at N1,550 per dollar from N1,547.50 the previous day.
CBN takes another major action to boost banking industry resilience
CBN implemented temporary restrictions on bank dividends and capital distributions as part of its ongoing recapitalisation efforts to strengthen the banking sector.
Musk's X sues to block New York social media transparency law
Elon Musk's X Corp. has filed a lawsuit challenging a New York state law that requires social media companies to report how they moderate hate speech and disinformation. The New York law requires social media companies with over $100 million in annual revenue to submit semiannual reports detailing how they define and moderate hate speech, racism, extremism, disinformation and harassment.
Nippon, US Steel say they have completed partnership deal
Nippon Steel and US Steel announced Wednesday they have completed a partnership deal in which the US government will essentially have veto power over significant decisions affecting US jobs.
Putin T-shirts, robots and the Taliban -- but few Westerners at Russia's Davos
Russia's flagship economic forum kicked off Wednesday with stalls selling Vladimir Putin-themed merchandise and humanoid robots, but Westerners were few and far between -- despite warming ties between Moscow and Washington under Donald Trump.
Iranians buying supplies in Iraq tell of fear, shortages back home
Near the once-bustling Iraqi border crossing of Bashmakh, Iranian driver Fatah stocked up on rice, sugar and tea, staples that have become increasingly hard to get back home. "There are shortages of rice, bread, sugar and tea," Fatah said Tuesday.
After 4 years, EFCC arraigns Farm360, another ponzi operator for N80 million fraud
According to the case, the two companies operated between 2021 and 2022 and collected almost N100 million from several investors, only to disappear without paying.
FG to link loan defaulters' details to NIN, debtors to risk passport, house rent, and other denials
The Nigerian government has begun a system to integrate the credit scores of Nigerians to their National Identification Numbers (NIN) to track credit scores.
EFCC arraigns oil magnate for allegedly defrauding Polaris Bank, what we know so far
The facts of the case shows that the defendant, who is an executive director with a big oil and gas firm, successfully obtained ₦750 million from the bank.
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