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Naira records further gains against dollar

    Naira records further gains against dollar

The Naira on Thursday recorded further gains against the dollar at the parallel market. The Nigerian currency gained 0.5 points to close at N366.5 to a dollar, stronger than N367

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Customs recover N229.9m unpaid duties in one month

    Customs recover N229.9m unpaid duties in one month

The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, said that it recovered unpaid duties amounting to N229.9m between June 13 and July 10. The announcement was made by

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Banks raise dollar spending by 900%

    Banks raise dollar spending by 900%

There is something to cheer for bank customers travelling abroad. Commercial banks have raised customers’ international dollar spending limit on overseas Point of Sale (PoS) and online card transactions by

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$1.2 billion debt: Etisalat to quit Nigeria

    $1.2 billion debt: Etisalat to quit Nigeria

Telecoms giant Etisalat International has withdrawn from Nigeria, its Chief Executive Officer (CEO) Hatem Dowidar said yesterday. The withdrawal may not be unconnected with Etisalat Nigeria’s indebtedness to a consortium

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International consumers owe power firms N30.5bn — FG

    International consumers owe power firms N30.5bn — FG

International electricity consumers who get their supply from Nigeria owe the power producers $100m (N30.5bn at the official exchange rate

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Nigerians have devise strategies to evade tax – Adeosun

    Nigerians have devise strategies to evade tax – Adeosun

There is currently a systemic breakdown of compliance with the tax system with various strategies used by citizens to evade

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Etisalat, banks agree on payment terms

    Etisalat, banks agree on payment terms

Troubled mobile operator Etisalat Nigeria has got a new chairman. He is Central Bank of Nigeria (CBN) Deputy Governor Dr.

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YUDALA ROLLS OUT 15 LUXURY WINES/SPIRITS STORES NATIONWIDE

    YUDALA ROLLS OUT 15 LUXURY WINES/SPIRITS STORES NATIONWIDE

As part of its strategic expansion drive, Nigeria’s leading composite e-commerce outfit, Yudala, is launching 15 luxury wines and spirits

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BDCs tackle Travelex over cash refund

    BDCs tackle Travelex over cash refund

Several Bureau De Change (BDC) operators are accusing Travelex Nigeria of delaying cash refund from failed foreign (forex) exchange bids.

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Investors push for interbank rate

    Investors push for interbank rate

Foreign investors are pushing for the adoption of the interbank rate as the only official exchange rate, The Nation has

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